Treasury Secretary Tim Geithner said yesterday that in most cases he would welcome the repayment of Trouble Asset Relief Program funds from those firms that received assistance, provided that it makes financial sense for them and places no pressure “on the system as a whole.”
In testimony before the congressional oversight panel on Treasury’s management of TARP, Geithner said that on the question of repayment he is trying to strike a balance between what is desirable for individual firms and what is good for the overall credit system.
“We would welcome capital coming back,” he said, adding that TARP repayment would be appropriate for individual firms when it is “tenable [and] makes sense.”
“Nothing would make me happier,” Geithner said.
— Market News International