The objective of the TARP compensation limits has always been to insure that taxpayers receive their money back, said Kenneth Feinberg, special master for the TARP executive compensation committee.
In an interview with CNBC, Feinberg said it was "wonderful" that some companies were repaying TARP. (To hear the full interview, watch the video below.)
If Bank of America and Citigroup are "prepared to repay the taxpayer, that is exactly the objective of the program," Feinberg said.
The pay czar declined to say whether he believed that the companies were ready to exit at this time, saying that was the decision of the Federal Reserve and Treasury.