Treasury Rethinks TARP: Strong Banks, Weak Credit (The Huffington Post)
WASHINGTON — Big banks are roaring back. At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue them. Dividend checks are accumulating at the Treasury. Taxpayers won't recoup the full sum of the government's unprecedented infusion to the financial sector, but the returns are ahead of schedule.
With large bets on bonds, commodities and exotic financial products, big banks are reporting third-quarter profits.