Incoming! 19 banks to repay TARP funds

The Treasury announced today that 19 banks have been allowed repay a total of $68 billion in TARP funds. The banks, who remain nameless were granted permission to buy back the warrants that the Treasury holds in each company at "fair market value." These 19 banks are in addition to 22 smaller institutions which have already repaid their TARP dollars to the Treasury. While some analysts are calling this a sign of stabilization in the banking system one has to wonder if enough has been done to ensure that the money won't need to go back to these banks when they're in more dire straits (i.e. need more capital to survive). In fact, the Washington Post today reports that the Congressional Oversight Panel responsible for overseeing the bailout recommends new stress tests due to increasingly g