Regulators must choose where Tarp goes next

Author: | Published: 1 May 2009

US regulators have to decide the future of the Troubled Asset Relief Programme (Tarp) as the first wave of distressed banks start to return their Tarp borrowings.

Goldman Sachs announced its plan to pay back Tarp funds after a $5 billion offering on April 14, while Bank of America and Wells Fargo have expressed similar interests in past weeks.

With $50 billion in Tarp funds returned by these three banks, US regulators will...