Posted on 06/09/2009 7:36:21 PM PDT by Nachum
Ten of the nation's largest banks will be allowed to repay $68 billion in federal aid granted at the height of the financial crisis, the Treasury Department announced yesterday.
(Excerpt) Read more at washingtonpost.com ...
A well timed, and Zer0 allowed PR stunt!
The list, ping
“allowed to pay back.” America is dead under Obama.
Exactly. “Allowed”? WTF?
The banks, which could begin to return money this week, include J.P. Morgan Chase, Goldman Sachs and Capital One Financial, according to company statements.
...snip...
government did not announce the names on the list, allowing each bank to disclose the news on its own. Others are American Express, Bank of New York Mellon, BB&T, State Street and U.S. Bancorp.
Are these some of the same banks that tried to NOT take the money in the first place but were forced to? If so, that’s not “paying back”. It’s simply returning money they didn’t want in the first place.
Socialism gives permission ,,,, pure BS
I have no idea, maybe you could google the answer. the I just posted some of the names given in the article.
They’ve been wanting to pay for a while, but Obama stalled it until he needed a little good news to offset the disgust over what he’s spending.
Of course they'll be allowed to pay it back, using the money from us they've laundered.
Their smaller competitors however will still be under Obama's boot, which is exactly how the banks a pols running the criminal cartel wish it to be.
Some of them had already been bailed out with other deals, the TARP money was un-necessary. Like JPMorgan Chase given Bear Stearns and Wamu assets for basically nothing to keep JPMC from imploding.
The fed has opened its window wide open and so reduced the amount of regulation, that it would be imposible for these banks to not make money right now. They have been turned into money generating machines under this type of environment. They are paying almost no interest on deposits, can continue to charge up to 30% interest on their credit card businesses, and for the past year recieved billions in cash from the US government without any oversight of how it will be used. It's a banks wet dream.
JPMC has to be laughing their asses off right now as they use government money to splash their name all over the old wamu branches as your seeing across the west coast right now.
Fascism is coming. Quickly.
I had to laugh when it came out this week that JPMorganChase has rented an entire oil tanker, filled it with distilled product, and parked it in the Med to choke current supplies. Thus they will help drive up prices with an artificial supply shortage so they can sell it this fall for a major profit.
Oh but by all means, lets continue to bailout these companies. They are just such a benefit to the US.
Let’s hope revolt will come with it.
Many of the responses here indicate many on FR don’t understand what TARP is or how it is accounted for on a bank’s balance sheet. Capital isn’t “laundered”, nor was capital created through the “other deals” that “bailed them out.”
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