All may feel free to steal it from me.
As well as my newest: In honor of the title of this article:
Geithner Virtually Home Alone
Posted on 03/25/2009 2:00:07 PM PDT by iThinkBig
Jamie Dimon ain’t happy
May I suggest BVVA Compass. ( yeah, I know its a Spanish bank)
All may feel free to steal it from me.
No, there were no ninjas needed, there was oppressive government regulation instead. Perhaps you should read up on it. You’ll find there were several banks on the TARP list that were strongly opposed to TARP funding.
HAHAHAH. That is hillarious!
As others have commented, certain banks were forced by the feds to take the money. Wells Fargo, for example, has suspended or reduced dividends in order to pay the TARP money back as soon as possible and get the camel’s nose back out from under the tent. (Of course, in the banking world that is never completely possible as you are always subject to the regulators.)
The first bank out with a “we don’t have tarp money” commercial is going to be very successful.
(it is going to make barney frank fume.)
I like the idea, but only applied to banks that asked for TARP funds. Those like J.P. Morgan Chase that got browbeaten and threatened into taking them by Paulson, shouldn’t be twice victimized, once by the government forcing them into a situation where the government has de facto partial control, and a second time by those of us fighting that action.
As for the rest of them, screw them, pull your money, stop using their credit cards, and if feasible refinance your mortgage at with a non-TARP (or at least unwilling TARP) bank (if you won’t lose money doing it).
I would be cautious of small banks, the FDIC can just come in and claim they are insolvent and take them over.
Unless you are the accountant there, who would really ever know.
I would rather stick with the big banks that still have a little pull left and are planning on returning TARP funds, they are the only ones standing in the way of a nationalized bank system — if they go under it won’t matter anyway.
An officer at the bank we use is quite proud that they didn’t make stupid loans and have nothing to do with TARP.
I did just what you suggested about a week ago. Screw W**** F****.
Believe everything you read on the internet??? If so I have a bridge for sale. Cheap.
Does that work????
There were some banks who were strong armed into taking this money by Paulson.....
Not all but one is too many and an example of a blatant abuse of power by an unelected official.
Like I said, read up on it. Wisconsin One, TCF, and US Bank all refused TARP funds. There are numerous other regional banks as well.
Gotta go, I hear someone just got video of Bigfoot and the Loch Ness Monster together.
I really like Wachovia’s online banking system. I think I will stay with Wachovia.
You might want to rethink choosing online convenience over financial stability.
http://www.reuters.com/article/newsOne/idUSTRE48P7B220080926
Don’t see Charter One or ING on the list. Guess I’m going to have to unload my AMEX/Costco card.
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