TARP Update

Bank Of America made great strides in the past week to exit the TARP program by selling new stock to raise capital. Citibank, the last of the "Big Banks" in the program without a clear exit strategy, has made overtures in the last 24 hours that they will attempt a similar exit strategy.

The program that will be forever know as the Big Bank Bailout, seems to have accomplished many of its goals, and the mood of the nation seems favorable toward the propping up of the financial system to come to a close.

It will be interesting to monitor interest rates, as well as the ability for consumers and businesses alike to borrow money, as TARP winds down. Click Here to see a Market Watch Report from the Wall Street Journal.