Utah Cribs | BofA repays $45B in government bailout funds

BofA repays $45B in government bailout funds – Yahoo! News

December 9, 2009 utahcribs Economy Update No Comments

BofA repays $45B in government bailout funds – Yahoo! News.

So I keep reading all of this mumbo jumbo you see in the news regarding the economy. I think this article is the first one that actually give me some real concrete faith in the structure of our financial world. Bank Of America has paid back the United States Govt. in full from the TARP funds it received.

You know the whole point of me posting articles and giving my two sense on the whole issue, is really to show a perspective of what is actually going on. I will be the first to admit, right now it is virtually impossible to understand fully what is happening. You would need a degree in finance, and then a master degree in political science, maybe throw in a graduate degree in economics to truly see and correlate how all of these random acts are effecting you and me on a personal level. A few recommendations, 1- read a lot, 2- study up on different perspectives and opinions. I think this is one of the most important things a person can do for themselves. It will bring a level of clarity to your own beliefs. The important part there is “your Beliefs”.

So, back to the whole point of this article.. It is a positive sign that a bank who borrowed my tax dollars is paying it back. I never thought I would see the day. So my first gut reaction would be.. How is this going to effect their stock price? Any guess from the peanut gallery??