CNBC Stock Blog
- Avis on the Road to Strong Growth: Analyst
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- Bulls Check In to Community Health
- Bank of America’s Worst-Case Scenario Gets More Real
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- So Now You Can’t Give Microsoft Away?
ABOUT THE CNBC STOCK BLOG
RSS FEED
CNBC EXPLAINS
US Should Get Rid of TARP: Dick Bove
Text Size 
CNBC.com Writer
Banks can’t make any money on TARP funds, said Dick Bove, financial strategist at Rochdale Securities.
“I think they should get rid of the TARP,” Bove told CNBC. “[Banks are] paying 5 percent after tax on this money, which means they will have to lend money on more than 7 percent pre-tax to break even and they can’t do that.”
As many as nine of the nation’s 19 biggest banks could soon be allowed to repay all or a part of the federal bailout money received last fall.
Bove said there has been so many rules and regulations that it “doesn’t make sense” for companies to hold onto the TARP and its regulations.
Disclosure:
No immediate information was available for Bove or his firm.
______________________________
______________________________
CNBC's Companies in the News:
Apple [AAPL
Loading...
()
]
Live Blog: Apple Worldwide Developers Conference
BlackRock [BLK
Loading...
()
]
Barclays in $12 Billion BGI Talks with BlackRock
General Motors [GMGMQ
Loading...
()
]
Even With Bankruptcy, Can GM Change?
Goldman Sachs [GS
Loading...
()
]
JPMorgan Chase [JPM
Loading...
()
]
Goldman, JPMorgan May Get OK to Repay TARP
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes
