Posted on 04/06/2009 8:37:39 AM PDT by vaper69
Now ask yourself why the administration would be hesitant to take TARP repayments.
(Excerpt) Read more at needsofthemany.wordpress.com ...
What ever happened to ‘getting the money back to the taxpayers as quickly as possible’?
Seems just another way that Bambi is acting unilaterally, making decisions on his own, outside his Constitutional jurisdiction, with no Congressional input.
Evil intents — a power grab.
Because if he takes back the money, the governemtn doesn’t control the banks, end of Socialism before it starts.
I can’t wait until Pelosi and Reid start to figure out he’s going to tell them he doesn’t need anymore either.
IANAL, but: Maybe a bank could put the funds in a trust account, and then continue as if they had repaid the bailout. Perhaps that would give them a little better legal footing.
Maybe.
I’m glad the want to repay the bailout. I’m glad they some are capable of repaying the bailout.
That should be an issue worth telling people about.
....your friend, .... D.
I really doubt that the feds would recognize the money being placed in a trust as a reason to relinquish control. It would be symbolic for the consumer, but the way Bambi and his minions are acting, they may just fire everyone who tries to repay the money and put their own puppets in there. This is getting eerily way to similar ton 1934 Weimar.
“Taxpayers, Obama will NOT let us pay back this money, but HERE it is, whenever your government gets around to really protecting taxpayer dollars” -—
Then show a bank account number on the screen, like that guy that gives his Social Security # for “Life Lock”!
Loud and public, an din the open with the boards and shareholders.
Reveal the name of any “administration official” who threatens them with IRS audits or other harassment for paying back the govt money.
Ken Lewis? We want to hear from you. Fear and silence only buys you time that will run out when Geithner decides to take your bank.
This dirty slimy fascistic crap by Geithner et al needs some bleach poured on it- by brave Americans willing to stand up and speak out.
Be very interesting to see what happens if a TARP borrower pulled up several Brink's trucks full of $100 bills to the Treasury building and tendered repayment of the TARP funds. VERY interesting.
If a company NEEDS more money? The Board, at that company, is going to be rather compliant with Obama’s wishes.
I think a company that documents that it WANTS to repay the money, and perhaps that it did not WANT the money in the first place -—
Could safely tell Obama to go to hell!
When Obama TRIES to interfere, go to the Courts.
“Taxpayers, Obama will NOT let us pay back this YOUR money to you...
Personalize it.
It would also be great publicity. Spin it that they are trying to return the money back to the taxpayer (as the previous poster talked about) and Obama is refusing to take the money back to return to you..
And how heavy is our MSM coverage?
Forpete’s sake. All a bank has to do is make an EFT deposit to the Treasury. End of story.
Saul?
Thanks!
LOL
Exactly. The PR aspects of such an action would probably outweigh the net monetary profit. Such a bank would be hailed nationwide, and undoubtedly see an enormous rise in business, by having proved beyond any doubt its honesty and solvency.
You’re missing out the PR aspects of a VERY public repayment by a bank of its TARP loans. Win-win-win situation if ever there was one.
There are SEVERAL different US Government accounts.
Is this corporate TAX money?
Is this employment tax withholding?
Is this a government loan?
You are being very simplistic. Would you hand money of any amount to someone, without a “receipt” as to what that money transaction accomplished?
Obummer is a control freak. The only problem with that is he is also a clueless, naive stumblebum who has never learned that whenever government controls anything whether it be health care, a railroad or the post office, it always fails and it does so on a huge scale and always with taxpayer money!
Preaching to the choir, m’FRiend. He is also a malignant narcissist and a very thoroughgoing fascist, by strict lexicographic definition.
Under the Coinage Act of 1965, Section 31 U.S.C. 5103, a private business, individual or state governemt can refuse legal tender, but not the federal government. Refusing payment by the federal government is essentially the same as forgiving the debt.
Easy question to answer: If they pay the money back they can’t easily be brought under government control. Bozo would lose that excuse for taking over.
It’s financial perception. Banks not repaying would be seen
as weak or failing, which could cause a run....
Controlling the banks makes it easier to steal what’s left of our money.
Between controlling the banks and means of production, a global currency, unconstitutional legislation and now the means to confiscate money in private accounts, when is it enough? At what point do the people rebel?
Net-net, everyone (except goobermint) wins. Sound banks get more business; bank depositors wind up in sounder banks, thus generating another layer of security for them.
Insolvent banks need to be closed or forced to merge or be bought. Solvent banks need to be left alone. Banks in some amount of recoverable difficulty need to be assisted to recover, but no further than that.
Gee, come to think of it, that's exactly what the Swedes did in 1992-1993. Cleared the dead wood and stayed out of the way (mostly) of the competent. With the result that, btw, as of last September when the banking system ratings came out, the Swedes were rated 2nd soundest banking system overall. (Singapore, of course, was rated #1).
bump .... this isn’t about money ... it’s about power.
That would be interesting indeed. Bad for us though.
He is using the same methodology as the mafia and drug lords, you become indebted for life, no matter what you do you are OWNED.
Well, he couldn't if we're assuming that the Kenyan and TTT would follow the law and not change it by issuing yet another ukase.
That will be his last voluntary act she will have his stones removed from the neck down.
Bookmark
WTF? Obama needs to be held accountable to the taxpayer.
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