BofA to repay TARP loans

Bank of America logoBank of America has received Fed approval to repay the $45 billion in Troubled Asset Relief Program bailout loans it got from taxpayers over the past year.  Former Federal Reserve Bank examiner Mark T. Williams, who teaches finance in the School of Management, says the payback might be too early.

“Banks are beginning to earn their way back to health, and BofA is on much stronger financial footing than even six months ago. But banks still need to rebuild capital positions that were destroyed over a long period of wonton risk taking.”

Contact Mark T. Williams, 617-358-2789, williams@bu.edu

One Comment

ardyan posted on January 19, 2011 at 12:02 am

is that mean they dont give a loans?

Post a Comment

Your email address is never shared. Required fields are marked *