Posted on 01/31/2011 8:47:30 AM PST by Nachum
What we vote in keeps turning into what we voted out.
I wasn’t so lucky
HOW does one determine if any given bank in America is SAFE, not in need of bailouts, and not about to be shut down by the FDIC?
Thanks.
I’d still like to know who pulled out the $20 Billion from BOA in 2007 to set the downfall in motion. Looks like the commission thing was just another bad joke. They didn’t even get the name.
Figures Jamie Demon is bo’s favorite banker. And it looks like obama’s other backers like lifelong democrat lloyd at goldman sucks and the other TBTF crooks besides Citi will make out fine no prosecutions all’s well that ends with the taxpayers taking it up the rear in obamaland. Just like the GM bailout when the truth came out we lost money I wonder how many more of these IRS deals there are?
Foreclosure losses picked up by taxpayers, investors
Commission outlines Goldman Sachs subprime dilemma in financial crisis
How Goldman Sachs gained from bailout of AIG
http://www.guardian.co.uk/business/2011/jan/27/goldman-sachs-received-aig-bailout-cash
Bank Bail out money
Total Disbursed:
$560,459,325,504
Total Returned:
$234,865,281,772
http://bailout.propublica.org/list
Who withdrew the money from BOA??
Unlimited credit for GSEs seen as backdoor bailout
http://www.reuters.com/article/2010/01/05/us-usa-housing-bailout-idUSTRE6044YU20100105
Some sites to use but honestly the elephant in the room is that the banks have successfully defeated the mark to market rule again. What that means is all the crap they have on their books is being valued at the old inflated levels. So the asset’s they claim are questionable. When you look at an individual bank look how much they have outstanding in loans not just at how many stars they have. Those loans can go bad.
Bank, Thrift and Credit Union Ratings
http://www.bankrate.com/rates/safe-sound/ssPromo.aspx
and BauerFinancial Institutions rated 2-stars or less are placed on its “Troubled and Problematic” report
Check http://www.fdic.gov/
Bank regulators also offer information on their sites about enforcement actions. Check the Federal Reserve site at
An update on Americas riskiest banks
“The results showed Bank of America, Wells Fargo and GMAC as requiring the most amount of capital; in other words, they were expected to generate the most losses.”
http://ftalphaville.ft.com/blog/2011/01/28/472946/an-update-on-americas-riskiest-banks/
Fee
Veribanc (800/44-BANKS). They provide ratings on all U.S. federally insured financial institutions in easy to understand reports.
ABA lauds FASB change of course on mark-to-market accounting
“Mark-to-market accounting won’t be required for loans and other financial assets as proposed last May.
Earlier Tuesday, the Financial Accounting Standards Board reversed course and voted to approve a measure that allows companies to account for assets at their amortized cost rather than their fair value that is based on market prices.”
http://www.housingwire.com/2011/01/25/87494
If they get to do what every other firm in the country gets to do, it just shows how unfair the system has become!
LOL!
*
Total Disbursed:
$560,459,325,504
Total Returned:
$234,865,281,772
Now if you back out $88 billion Fannie, $63 billion Freddie, $28 billion GM, $16 billion GMAC, $9 billion Chrysler.....we'd have $121.594 billion still outstanding. $68 billion of which is AIG. Banks only have about $53.6 billion outstanding. Less than 10% of total funds disbursed.
Tax rules for the benefit of Citigroup and a few other companies partially owned by the government.
Should read government gives self tax brake,yeah that sound legal to me. /s
bttt
Good old Todd we can always count on you to try to make the global banks that backed obama and screwed us try to look better.
Baracks Wall Street Problem is Now Americas
http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/
JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats
http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html
JPMorgan Chase Asked to Stop Funding ACORN
http://nlpc.org/stories/2009/09/15/jpmorgan-chase-asked-stop-funding-acorn
Sorry Lori, just trying to balance your error filled hysteria with some actual facts.
Thanks, that's a useful list. It looks like only about $263.5 billion (out of $560.5 billion) was actually disbursed to banks. Only $53.5 billion, a bit over 20% remains unpaid. So when someone says the banks have paid back most of their TARP loans, they aren't kidding.
Sure here’s another one so people can really understand and it’s clickable
No, The Big Banks Have Not “Paid Back” Government Bailouts and Subsidies
http://www.zerohedge.com/article/no-big-banks-have-not-paid-back-government-bailouts-and-subsidies
and one so they know how which of these creepy tbtf global bankers support Sharia financing
Shariah Compliant Banks
http://www.shariahfinancewatch.org/blog/shariah-compliant-banks/
Oh and they might want to learn more about the sweet deal Jamie Demon got
President Obama’s Favorite Banker
http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html
and how he makes out on food stamps
The More Americans That Go On Food Stamps The More Money JP Morgan Makes
http://freerepublic.com/focus/f-chat/2660356/posts
and how they foreclose illegally on our troops
2nd UPDATE: JP Morgan Wrongly Foreclosed On Military Families
http://online.wsj.com/article/BT-CO-20110118-715919.html
The top 11 banks received $188 billion and repaid $184 billion. Capital One, number 10/11 on the list received and still owes $4 billion. Every other bank on the list, numbers 1 thru 9 and Regions Financial, tied for 10/11, has repaid in full. It's safe to say the big banks have repaid in full. And all the banks combined, have paid back almost 80%.
and one so they know how which of these creepy tbtf global bankers support Sharia financing
Yeah, sharia is terrible. So is ignorance and trying to change the subject.
That's funny. We shouldn't use banks to do banking, especially when it's more efficient and will save the government money. Maybe we should emulate Japan and have a bank run by the Post Office. Stick it to Jamie Dimon. You go girl!
Fannie and Freddie’s biggest deadbeats
http://finance.fortune.cnn.com/2011/01/31/fannie-and-freddies-biggest-deadbeats/
4 L8tr bump! ;-)
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