The department said today the banks, which were not named, will be allowed to repay the money they received from the $700 billion Troubled Asset Relief Program created by Congress last October at the height of the financial crisis.
Investors set aside some of their worries about banks and the economy today after the government unveiled its methods for testing the health of banks. The Federal Reserve report was light on details, but didn’t bring any bad news. That cleared the way for a 119-point gain in the Dow Jones industrial average, leaving it down slightly for the week.
Stocks are ending higher as investors scoop up shares of consumer product makers and financial companies as signals grow that the economy could be slowly finding its footing.
, April 15, 2009
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