Recession over for US?

I was reading this news and it seems to me like, is recession really over, especially for US? Checkout this news where few of top US banks are returning bailout money given to them by governement. and it is not less, they are returning a whooping $45 billion back while total bailout planned by governement was $700 billion.

Why? There could be many reasons but mainly it has been stated that it is to avoid restrictions posed by accepting this bailout money which could hamper their way of operating and is not a very good offer to them. Main restrictions to companies are limiting bonus and pay for their top employees and not to hire workers from outside US. While one will increase unsatisfaction in company, other will force a company to work in a less productive way with more cost.

Critical times ask for extreme measures and highly innovative environment for work. Putting a low money condition in it will hamper the work and insert a demotivation feeling among employees when they should be free to come up with brilliant ideas. These companies might be thinking that by accpeting bailout money, they will be forced to go on a conservative path which is always diverted from an innovation path. While they would be able to recover for sure, company who opt for it, might left out way behind in the race when economic situation is improved. In today's world of cut throat competition, lagging behind could mean closing down sooner or later. So why not keep doing the same and apply same formula which you are confident of getting result. Things have anyway improved from worst and confidence have built up. Sentiments of people have strengthened by many policies which was one of the main factor to keep pulling economy down for a country.

If requests from these banks are accepted, it will surely improve more sentiments and it clearly will be taken as a sign of strength. Do you also think same or of view that it is too early? Please share your thoughts -