Large banks exit TARP (BoA, C, WFC)

Honestly I was surprised by the speed, but it makes sense. The "Pay Czar" would have caused a mass exodus of talent from these firms so I think in the long run they did the correct thing. Short Term loss vs. Long Term Gain/Stability. Shows how the government can fuck up everything. I'm waiting for a scandal to hit Mr. Feinberg, not unlike the "Safe Schools Czar" who was castigated for founding a group that, among other things, showed 14 year olds how to make dental dams and the correct fisting technique. Obama sure knows how to pick them, every office is tailored to the scandal that it creates- Geithner = No taxes, Safe schools = graphic sexual "education" and indoctrination. Any guesses on what the Pay Czars gonna do/did? I wonder if Barry's gonna make any new appointments in the future. I'm banking on Jeremiah Wright for Race Czar or Bill Ayers for Terrorism Czar.

^ lol, I think it hurts Citi the most. Wells was simply looking out for Warren Buffet and not wanting to dilute his shares, but otherwise they are fine. BoA's obviously in good shape as well. Unfortunately Citi is the laggard here and if not for the govt/czar they would not have exited so quickly. We'll see if this proves to be a huge mistake for Citi.

When do you think the smaller players still in TARP exit?

Very interesting turn of events. I think it's awesome that fuckface feinberg won't really get to do anything. I agree that it definitely seems like a bad move for citi though. it's bad for their PR too because they obviously just did it so they could pay bonuses. I mean c'mon - they could've at least tried to do something a little more inconspicuous. so much for shedding the fat cat banker image. the more i think about it, the more i begin to think this is shaping up to be another classic citi blunder.