FDIC's Bair: US must be careful with TARP repayments
WASHINGTON, Dec 3 (Reuters) - A top U.S. bank regulator said on Thursday that the government needs to be cautious about letting big financial firms repay bailout funds because there will not be more government support going forward.
"I think, in general, they need to be very careful with it," Sheila Bair, chairman of the Federal Deposit Insurance Corp, told reporters.
She also said that so far, the Federal Reserve has been "very careful, very measured" in giving large banks the green light to repay bailout funds, and that the FDIC and other bank regulators have been consulted.
Bank of America (BAC.N) said on Wednesday that the government had given it permission to repay $45 billion in funds from the federal Troubled Asset Relief Program (TARP), freeing the major bank from a host of restrictions. (Reporting by Karey Wutkowski) ((E-mail:karey.wutkowski@thomsonreuters.com, +1 202 898 8374))
