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In TARP Buyback, Freedom Won't Be Totally Free

Law360 (May 12, 2009, 12:00 AM EDT) -- When the government announced its Troubled Asset Relief Program to prop up — and to a certain extent mask — troubled banks, one of the concerns raised was the prospect of heightened regulation. As the program evolved, banks accepting the money got just that.

On June 9, the U.S. Department of the Treasury announced 10 banks would be able to buy back more than $68 billion in preferred shares issued under the TARP's Capital Purchase Program.

Although those banks will not face the same level of...
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