Troubled Asset Relief Program

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Regulators Brace for TARP Exodus as Banks Snub PPIP 

Jun 02, 2009By

[Update 1 adds details regarding BofA and Morgan Stanley.] Hours before US Treasury Department secretary Timothy Geithner warned today that toxic asset-purchasing plans are beginning to look less appealing to banks, the Federal Reserve outlined criteria it will use to evaluate applications by the 19 largest banks to redeem US Treasury capital.

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