This AM I was on CNBC discussing the banks with Paul Miller of FBR. Paul is a first rate analysts, IMHO.
I suggested that the big banks should not be allowed to repay TARP equity to long as the government is guaranteeing their debt. That is, if a bank wants to repay TARP capital, they must end the use of debt guarantees AND be able to refinance all guaranteed debt before the TARP capital is repaid. Link below:
We will develop this further. Look forward to your comments.