Mr Cooper Group Inc (COOP): Regulators are talking to big banks that...

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Re: fsshon post# 74869

Wednesday, 06/03/2009 12:33:11 AM

Wednesday, June 03, 2009 12:33:11 AM

Regulators are talking to big banks that want to repay funds received under the government's $700 billion Troubled Asset Relief Program, or TARP, a Federal Reserve official said on Tuesday.

No announcements on returning funds will come until around June 8, the official added. The Fed official spoke on condition of anonymity because the application process is continuing.

Earlier on Tuesday, JPMorgan Chief Executive James Dimon told shareholders he expects regulators will let a few strong banks repay TARP funds within weeks.

link...June 8 jpm might be outa tarp
http://www.reuters.com/article/topNews/idUSN1942182920090520?feedType=RSS&feedName=topNews

He modifies his positions and uses indirect approaches. In this way, the competition does not understand the full scope of his plans until it is too late to counter them.

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