TARP

Banks Missing Dividend Payments To TARP

Banks are missing their dividend payments to the US Treasury; is this some sort of quiet revolution?  I haven't heard anything more about the actual TARP loan repayments since Barack refused to accept them back in April, 2009, and makeshift conditions were made for repayment back in May, '09. More Than 90 Banks Miss TARP Payments More than 90 U.S. banks and thrifts missed making a May 17 payment to the U.S. government under its main bank bailout program, signaling a rising number of lenders are struggling to meet their obligations. The statistics, compiled by SNL Financial from U.S. Treasury…
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The Real Sign Of A Recovering Economy

I wanted to drop a few notes about the 'recovering economy' lie that is being touted.  First, this site is going to continue to go a bit sideways as I am working on posts that are all financials based and you know how TPTB really hate it when we aren't talking about oil spills, terrorists, illegal aliens, and left vs. right.  When one tries to explain that Goldman Sachs runs the government and not the other way 'round, or Greece is collapsing everything hits the fan. (As I write this, my host is running Emergency Maintenance because of problems.) One…
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Charles Payne On TARP SIG’s Report: Home Mortgage Modifications

Neil Cavuto interviews Charles Payne on Obama's $30 billion small bank bailout which he believe will do little as the banks that receive the money will just sit on it like the Big Boys did. What's more important about this interview is the Neil Barofsky report that has another interesting tidbit inside. This is going to be another one of these programs that sounds great on the surface but doesn't work, like this home mortgage program.  This thing is a disaster.  I don't know if you if saw this Neil Barofsky report, but he's saying $75 Billion to help 4…
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Barney Frank Not Convinced Compensation Linked To Talent; Limit Bonuses

In a prime example of a Progressive Socialist Democratic Party "I want my cake, and I want to eat it too" moment, Barney Frank is planning on hearings to limit Wall Street bonuses.  The "I want my cake" moment?  How does one implement a 90% tax on executive bonuses, proceed to limit them, and not understand that it is counterproductive? If the true intention of the tax "was the quickest way to show angry Americans that Congress intended to recoup the extra dollars", then why limit them?  I know, I know, I'm not even covering the un-American, anti-Capitalist, anti-Free Market…
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