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The banker is Steve Buster, CEO of California community bank “Mechanics”. Alexis Glick conducts the interview and it’s a great one. Part one, Buster tells Glick they wanted the money, could have used the money but it came with too many strings. httpv://www.youtube.com/watch?v=-3cub9XHaog Here in Part Two Glick asks … “what strings?”. Buster says they…
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.
Geithner, sal khan, Tarp 2, bailout, banks
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…
Cavuto is one of a kind. Now this is how you hold a politicians feet to the fire. Go get em tiger!
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.
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.
Politicians still taking TARP money. Where is the outrage?