Posts Tagged ‘TARP’
This is sure to help the economy…son of TARP
There was an interesting article in today’s Boston Globe entitled, “4 Mass. banks get $18m from US”. It really should have been titled, “4 Mass. banks get $18m from us, but, that is not the reason for the post.
Read MoreGM repays loan to US… actually, not really (Update)
It was with great fanfare yesterday that General Motors announced that it was repaying some $4.7 billion of $6.7 billion in loans it received from the federal government. And, with even bigger fanfare, it was announced that this partial repayment was being made some five years earlier than expected.
Read MoreObama considering paying off debt, with more debt
I’m quite certain the Obama administration consists of a bunch of fools, and they think you’re a bunch of fools too. Imagine paying off one of your credit cards with another one of your credit cards. Would you think you’ve improved your financial situation? The bozos are considering reducing the deficit with “extra” TARP funds.
Read MoreFrank to turn TARP “profits” into personal slush fund
Creep. As politicians were selling the TARP fund to Americans, they frequently let us know the hand outs were not hand outs at all, more of a loan that would be paid back. If we agreed with the grand plan – that needed to be approved today – there was a good chance the American…
Read MoreSymptom of the Disease: Senator calls regulators for “updates” (3)
Central Pacific Bank received a $135 million injection of capital from the Treasury Department two weeks after Sen. Daniel Inouye (D-Hawaii) had one of his aides contact the FDIC and ask about an application for TARP funds. Nothing illegal here, but doesn’t it smell rotten? Just another symptom of the disease example.
Read MoreWhen Geithner speaks – stock market reaction
Did anyone notice the big drop (more than 3.5%) in the stock market as of Monday’s close? As the financial stocks seem to have been the hardest hit, the better question, however, is “why”? Well, it seems that this weekend, the latest administration news “leak” landed with a thud, causing an even louder thud on…
Read MoreObama administration refuses TARP repayment
I could have written this script last fall – every page of it – if I new that President Obama was going to win the election. There was always going to be strings attached to Troubled Asset Relief Program (TARP ) money that flowed into the private banking system, but it was assumed that when…
Read MoreDue process and equal protection?
Unlike my brother, I am not one to rant. Occasionally, however, someone in Congress says something that is so stupidly outrageous (or outrageously stupid), that my normal mild mannered demeanor is forced to rant. So, please forgive me, I’m not used to this. Congressman Grayson, sadly from my home state – though luckily not from my…
Read MoreAnother Cavuto Moment – Regulate Pay
Cavuto is one of a kind. Now this is how you hold a politicians feet to the fire. Go get em tiger!
Read MoreGeithner plan is a give away, moral hazard thrives!
Geithner, sal khan, Tarp 2, bailout, banks
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