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Big banks repay government bailout funds
Yahoo! Finance ^
| June 17, 2009
| Elinor Comlay and Steve Eder
Posted on 06/17/2009 2:05:23 PM PDT by Toddsterpatriot
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To: Toddsterpatriot
We always knew some of them would be able to pay them back. Certainly after the strong arm O used to get TARP banks to sign off on the GM “deal” paying off became a much higher priority. Of course some, like AIG, are looking like any payback from them will be a long way out if it ever happens.
41
posted on
06/17/2009 3:50:47 PM PDT
by
razorboy
To: 1rudeboy
When even Fleck(enstein) praises Paulson's "fancy footwork," you have to figure that some chips fell where they should.MTM and the panic on the downside forced firms to mark down their positions when there was little (or no) trading activity. This caused their earnings (and regulatory capital) to fall. When the panic dissipated and marks became more realistic, earnings (and regulatory capital) popped back up, allowing them to pay back the TARP funds some were forced to take. Some took the funds, just in case.
Now the doomers who predicted the money would never be paid back are sad. LOL!
42
posted on
06/17/2009 4:13:53 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
Did anyone mention bonds, no just you. I think the reference is to the value of those real estate bundles in free fall.
To: Toddsterpatriot
The banks have since been scrambling to raise the money through stock offerings and other financial moves. Banks that were not deemed to need more capital and that want to repay bailout funds must prove they can raise money without relying on guarantees against losses provided by the Federal Deposit Insurance Corporation.
Story I posted here,http://www.freerepublic.com/focus/f-news/2269463/posts
To: org.whodat
Did anyone mention bonds, no just you. What are they talking about here?
others countered that any signs of bank profitability rested more on accounting changes
What changes?
I think the reference is to the value of those real estate bundles in free fall.
Real estate, bonds based on real estate, corporate bonds all were marked down in the fall.
45
posted on
06/17/2009 5:57:48 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: org.whodat
The banks have since been scrambling to raise the money through stock offerings and other financial moves. You bet.
Banks that were not deemed to need more capital and that want to repay bailout funds must prove they can raise money without relying on guarantees against losses provided by the Federal Deposit Insurance Corporation.
I know.
46
posted on
06/17/2009 5:59:59 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
Yes, of course...privatize the profits, socialize the losses.
Some deal for the taxpayer, eh?
(Why did AIG keep making bad deals on purpose after the initial bailout?)
47
posted on
06/17/2009 7:28:15 PM PDT
by
Boiling Pots
(B. Hussein Obama: The final turd George W. Bush laid on America)
To: Boiling Pots
Yes, of course...privatize the profits, socialize the losses. Which profits? Which losses?
(Why did AIG keep making bad deals on purpose after the initial bailout?)
I hadn't heard that they did. You have a link?
48
posted on
06/17/2009 7:33:40 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
"banks repay government bailout funds"This is bogus. So money from the government is a 'bailout', while money to the government is 'repay'. The fact is that Rush was wrong and GWBush's $700b was no bailout. The right turned on itself in the middle of an election and Obama got elected.
To: Toddsterpatriot
The banks got a bird nest on the ground. After becoming overly invested in terrible investments that went south rapidly, they received a capital infusion plus an unlimited Federal guarantee of their liabilities. In such circumstances, even a senior on the business administration or finance track at a good college should be able to make money. Additionally, the Feds pressured FASB to drop its mark to market rule, meaning that the toxic assets will have inflated values. The banking system remains vulnerable to another possible shock, perhaps a commercial real estate collapse, that might have them running to Geithner and Bernanke again.
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