Bloomberg reports. Barry Ritholtz says this raises the question: What was the point of forcing healthy banks to accept TARP funds in the first place?

In Bailout Nation, we discuss the possibility that The TARP was all a giant ruse, a Hank Paulson engineered scam to cover up the simple fact that CitiGroup (C) was teetering on the brink of implosion. A loan just to Citi alone would have been problematic, went this line of brilliant reasoning, so instead, we gave money to all the big banks.

Of course, when the healthy banks realized that this effectively put Barney Frank in charge of their businesses, they tried to give the money back as quickly as possible.