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TheStreet Open House

Should TARP Funds Be Used for Stimulus?

Stocks in this article: BAC WFC C

NEW YORK ( TheStreet) -- On Wednesday, Treasury Secretary Timothy Geithner announced that the Obama administration would be extending the Troubled Asset Relief Program until October 2010 -- and is planning on using at least some of the $150 billion in unspent TARP fund for some type of job-creation programs.

Meanwhile, Citigroup (C) and Wells Fargo (WFC) are trying to raise enough capital to get out from under the government, while Bank of America (BAC) won approval last week to repay its $45 billion in federal aid.

So what do you think? Should leftover TARP funds be used for some form of economic stimulus? Vote in our poll below, and learn the consensus of TheStreet.


Do you agree with the Obama Administration's plan to extend TARP, and use leftover TARP funds for job stimulus?

Yes
No

-- Reported by Jeanine Poggi in New York.

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Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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