Green Energy
From Weasel Zippers, citing WSJ:
- It's Our Entire Structure And System Which Has Now Become Corrupt - Big Connected Banks Got The Bailouts .. So?
From the University of Michigan's Ross Grad School of Business website: ANN ARBOR, Mich. -- Banks with strong political connections were more likely to receive bailout money from the government -- and more of it -- in the past year than...
- Another Inspector General Scandal Brewing?
Be sure you take a look at this earlier post by Pastorius. Via Twitter, I just found the following at ABC News: Treasury Department Challenges Independence of TARP Inspector General The Obama administration’s disputes with government watchdogs do not...
- Bank Bailout May Hurt Taxpayers, Be Open To Fraud
By JIM KUHNHENN Associated Press WASHINGTON — Taxpayers are increasingly exposed to losses and the government is more vulnerable to fraud under Obama administration initiatives that have created a federal bank bailout program of “unprecedented scope,”...
- "we Manage Our Capital In Its Aggregate" - Banks Refuse To Say What They've Done With Bailout Money
"We manage capital in its aggregate." I'll have to remember to use that excuse on my wife when I come back from a weekend of whoring and gambling in Las Vegas. "Listen, baby. I don't know where the money went. I manage my capital in its aggregate."...
- And Bush Begat Rumsfeld Who Begat Frank, And He Begat Brownie, And Then He Begat Paulson
Tell me is it that no one knows what to do? No one understands how everything fits together? Or is it THESE GUYS who are basically clueless? Sorry, really didn;t mean to acquire toxic banks assets with that 3/4 of a trillion I was talking...
Green Energy
More Bailout Failure
From Weasel Zippers, citing WSJ:Nearly 100 U.S. banks that got bailout funds from the federal government show signs they are in jeopardy of failing.The Recession is over, my ass.
The total, based on an analysis of third-quarter financial results by The Wall Street Journal, is up from 86 in the second quarter, reflecting eroding capital levels, a pileup of bad loans and warnings from regulators. The 98 banks in shaky condition got more than $4.2 billion in infusions from the Treasury Department under the Troubled Asset Relief Program.
When TARP was created in the heat of the financial crisis, government officials said it would help only healthy banks.
- It's Our Entire Structure And System Which Has Now Become Corrupt - Big Connected Banks Got The Bailouts .. So?
From the University of Michigan's Ross Grad School of Business website: ANN ARBOR, Mich. -- Banks with strong political connections were more likely to receive bailout money from the government -- and more of it -- in the past year than...
- Another Inspector General Scandal Brewing?
Be sure you take a look at this earlier post by Pastorius. Via Twitter, I just found the following at ABC News: Treasury Department Challenges Independence of TARP Inspector General The Obama administration’s disputes with government watchdogs do not...
- Bank Bailout May Hurt Taxpayers, Be Open To Fraud
By JIM KUHNHENN Associated Press WASHINGTON — Taxpayers are increasingly exposed to losses and the government is more vulnerable to fraud under Obama administration initiatives that have created a federal bank bailout program of “unprecedented scope,”...
- "we Manage Our Capital In Its Aggregate" - Banks Refuse To Say What They've Done With Bailout Money
"We manage capital in its aggregate." I'll have to remember to use that excuse on my wife when I come back from a weekend of whoring and gambling in Las Vegas. "Listen, baby. I don't know where the money went. I manage my capital in its aggregate."...
- And Bush Begat Rumsfeld Who Begat Frank, And He Begat Brownie, And Then He Begat Paulson
Tell me is it that no one knows what to do? No one understands how everything fits together? Or is it THESE GUYS who are basically clueless? Sorry, really didn;t mean to acquire toxic banks assets with that 3/4 of a trillion I was talking...