12 months. they still have too much BS on the sheet to convinve the treasury that they can do it without risk.
to much what....cash? Once C cleans up what they need to...they will easily be able to payback tarp and buy back all back tarp...thier tier 1 is 12.7%....jpm 9.7%...that is because JPM paid back tarp
2010...June 29th they buy back all the USG shares then if C is not over $10...they do a 1 for 3 RS...They then pay back the remaining tarp funds...$10...or $30 by Jan 2011...after RS
I keep seeing post on this board about R/S. Do understand that we might have another R/S prior to the one you mentioned in your post. Thanks