Liesman: No TARP Repayment Announcements 'Til After June 8


Which is clearly disappointing to those in the group (Blankfein) hoping to get the go-ahead this week so they could really let loose over the long weekend but what can you do. Steve Liesman reports that supervisors having discussions with several banks (GS, JPM, MS) on the matter of repaying the very much strings-attached TARP funds have requested "supplemental info" on which recommendations to the Treasury will be made. Besides proving that at least one member of the board can make an entire meal out of one ingredient (don't know why that has bearing on how they'll fare out in the wilds of the market but apparently it does), Steve-O says evidence must be produced that the firms can issue unguaranteed debt, self-fund in the market, and, wait for it, pass the stress test without the taxpayer money (BAC, hearing this last one, steps out of the line formed outside the building).