Timothy Geithner points out that without the bailouts for the big banks, our entire financial system might have collapsed.

Some of the nation’s small banks may end up with access to TARP.

Stanley Bing wrote a delightful, tongue-in-cheek column yesterday for Fortune. It included 13 jobs for retirees . While some of us hope that our retirement accounts will support us without the need for a job during our sunset years, others worry that retirement without something to do will be…boring. Besides, what happens if you retire just before the stock market crashes ? Bing offers these intriguing options for retirees who aren’t quite ready to call it quits:

Treasure hunter
“Before” picture model
Miniature golf caddy
Plant person
Artisan cheese taster
iPhone app writer
Greeter
Airport chauffeur
Mall cop
Grass monitor
Early bird specialist
CEO of a bailed out, TARP or Chapter 11 …read more

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

Will TARP funds be repaid early?