Getting out of TARP : Some R Out, Northern Trust, Trusting Your Government

April 27th, 2009 · No Comments

Bill-Coppedge27sep08-1  original content selection by MortgageNewsClips.com Newsday U.S. to let some big banks repay bailouts early - BY JIM PUZZANGHER - The Obama administration has indicated for the first time that it will let some big banks repay their bailout cash early, estimating that at least $25 billion will come back to the government in the next year. - NewsDay  ------------ chitrib Northern Trust chairman: 'We're trying to get out of TARP' - By Becky Yerak - Northern Trust Corp. hopes to hear back from the federal government "in the next several weeks" on whether it qualifies to repay $1.58 billion it received last November from the U.S. Treasury Department's Troubled Asset Relief Program, Northern Chief Executive Frederick Waddell said after the company's annual shareholder meeting Tuesday.. - Chicago Tribune reuters Northern Trust plans offering to repay TARP - * Discussed repayment of TARP funds with regulators * Says Capital raised will help repay $1.5 billion * Shares fall 3 pct after-hours - Northern Trust (NTRS.O) has launched a $750 million stock offering and plans to issue $500 million in senior notes to help it repay U.S. taxpayer funds  - Reuters ------------ Not trusting the government - A Bad Sign for Geithner's Toxic Asset Plan - ... Sources involved in the program said private investors have been reluctant to work with the government, which they view as an unreliable business partner. ... But perhaps more significant ... is a fear that the government could retroactively change the terms, exacting new limits on what investors can pay their executives, for example, or trying to claw back profits that firms make in the program. ... - Economists View



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