Obama also says that the only banks that will be able to pay fat bonuses this year are those that have paid back their TARP funds, and today, you can add another to that list: Citigroup reached an agreement to repay its funds, so it looks like Vikram and the rest of the Citi kids will be able to return to fat-bonus business as usual very soon.
If you're keeping score at home, Wells Fargo is the only big bank left that has yet to receive approval to repay its TARP funds. As a result, expect Wells to come to an agreement for their Troubled Asset Relief Program exit within the week. John Stumpf and his team won't want to be singled out and known as the last remaining large TARP player for very long.
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