Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: org.whodat
but the rest of the money will be recovered with interest.

La La Land!!!

Are you sad that banks are paying the money back? Did you predict they wouldn't? LOL!

32 posted on 06/17/2009 2:49:18 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 27 | View Replies ]


To: Toddsterpatriot
But on June 3, the Federal Deposit Insurance Corporation, which was to play a crucial role in the plan by guaranteeing loans to investors, said it was putting one part of the plan on hold indefinitely, as banks were refusing to sell their troubled assets for the prices they were likely to get under the program. At the same time, some banks that had passed the Federal Reserve's "stress test'' were raising funds on their own to use to pay back money they had gotten from the Treasury.

Some observers called the banks' refusal to sell the so-called legacy assets and the move to repay the government as signs that the worst of the crisis had passed; others countered that any signs of bank profitability rested more on accounting changes than changed business conditions, and that hundreds of billions in new losses lay ahead. The other big part of the Geithner plan, aimed at troubled mortgage-backed securities, was still being prepared, officials said.

http://finance.yahoo.com/news/Big-banks-repay-government-rb-15553312.html?.v=7

38 posted on 06/17/2009 3:10:19 PM PDT by org.whodat
[ Post Reply | Private Reply | To 32 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson