The Daily Business Digest

US banks were near bankruptcy only a year back, and almost all the big banks took aid worth billions of dollars from the US FED at rock bottom rates. The US FED had no other choice , but to help out these banks through life line financial support.
And even six months after the financial rescue act, nobody was confident of getting back all the money from the troubled banks because the bad debts were still rising. But the recovery in the stock markets in the last few months, on the back of some positive economic news from US, has changed all that.
Major US banks including Bank of America and Goldman Sachs have started repaying their dues to the US FED with penal charges in the last few weeks.
And more banks are expecting to payback the US FED loans, termed as TARP funds, over the coming months. One more reason for these banks to repay the TARP loans, is to get back the right to fix the executive compensation without government intervention.
Anyway the US FED would end up earning few billion dollars of profits once all the TARP loans are received back from the troubled banks before the end of 2009.