Wednesday, March 16, 2011

With Fifth Third Out, Banks Have Repaid 99% of TARP

http://online.wsj.com/article/SB10001424052748704261504576205142438418336.html?mod=googlenews_wsj

I found this article to be interesting. This talks about how banks have repaid 99% of TARP funds that were given to them during the recession. What this means for businesses is that banks no longer have the burden on their shoulders to repay the government and instead will be able to borrow more money to individuals or re-invest their money within their organization. For the banking industry this is great news. For the private sector this is also great news. With interest rates at an all time low, business should be able to easily secure a loan and reinvest with their organization. There is no reason that a business should not take advantage of this opportunity to help their-selves grow and succeed.

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