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    U.S. Bank CEO talks on TARP, regs and Minnesota Nice

    By Dan Haugen | Published Thu, Jun 18 2009 2:22 pm

    The day after U.S. Bancorp repaid $6.6 billion in taxpayer money, CEO Richard Davis went on CNBC this morning for a wide-ranging interview covering everything from bailout money to Minnesota Nice.

    Davis, who once said the government's Troubled Asset Relief Program or TARP lacked everything but the T for Troubled, was less direct with his criticism this morning, even dodgy at times.

    "I do believe it's not necessarily a disadvantage to be under TARP as much as it might be an advantage to move away from it," Davis said.

    Davis said he supports President Obama's effort to more systematically regulate the banking industry, but he said he's confused about the need for a separate consumer protection agency. US Bank, like its peers, is seeing lower demand for loans in the most recent fiscal quarter as people take "appropriate steps" to rightsize their lives, he also commented.

    Watch the interview here:

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