Morgan Stanley to Pay Back Bailout Loans

Morgan Stanley will repay the $10 billion in federal bailout loans on Wednesday, according to the Associated Press. A week ago, the company said it would pay it back but didn’t give a specific time line.
The bailout money came from the Troubled Asset Relief Program, a program that was set into motion to help the financial industry in the United States and attempt to cushion the blow of the economic downturn.
In a press release, Morgan Stanley stated that they believe the Troubled Asset Relief Program was a success.
Morgan Stanley is pleased to be repaying its $10 billion in TARP capital …read more