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&lt;p&gt;Goldman Sachs, Morgan Stanley, JPMorgan Chase and seven other lucky firms&amp;nbsp;have been&amp;nbsp;given the green light to repay the billions of dollars they borrowed under the U.S. government&amp;#8217;s Troubled Asset Relief Program, causing many banking insiders to sing of the beginning of the end of the recession (no doubt Goldman&amp;#8217;s Lloyd Blankfein and JPMorgan&amp;#8217;s Jimmy Dimon are belting out ecstatic tunes about&amp;nbsp;being able to pay their employees millions of dollars again without having to&amp;nbsp;use the word &amp;#8220;retention.&amp;#8221;)&lt;/p&gt;&lt;p&gt;However, some folks (including President Obama) say we shouldn&#39;t be donning our party hats and&amp;nbsp;breaking out our noisemakers just yet.&lt;/p&gt;&lt;p&gt;Exhibit A:&amp;nbsp;Big banks&amp;nbsp;such as Citi, Bank of America and Wells Fargo are likely many months away from being in a position to repay their TARP funds.&lt;/p&gt;&lt;p&gt;Exhibit B: Does the prospect of the 10&amp;nbsp;firms given the okay to repay their TARP funds&amp;nbsp;going back to business as usual (aka business partially responsible for their having to take TARP funds in the first place) bring you much comfort?&lt;/p&gt;&lt;p&gt;And Exhibit C: Job cuts at major financial firms aren&#39;t going out of style any time soon.&lt;/p&gt;

Derek Loosvelt

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