Friday, December 11, 2009

Happy birthday to me!

My birthday is on the 10th and I had a great day. It's great to be able to share your birthday with your family. I have a great family and love them very much. Happy birthday to me!

Wednesday, December 9, 2009

Bailout repayments

I would be remiss if I didn't post this:

http://www.msnbc.msn.com/id/34350133/ns/business-us_business

Bank of America has repaid their loans they received through the TARP program. Citi Bank claims to be repaying this week as well.

I'll admit I wondered if any of the money would be returned/repaid so it's good news to me that some are repaying. I don't have the numbers, but I'd be interested in knowing what percentage of monies loaned has been repaid now.

I also think that this repayment is a sign of economic recovery. It's good to know that these banks now have sufficient funds to repay, suggesting that they are doing much better now. Perhaps this is the result of a turnaround in the economy, or maybe they are just now learning to cut back on their spending. Either way, the fact that they don't need government help gives me good feelings towards the overall outlook of the US economy.