- Banned
- #21
Community banking executives around the country responded with anger yesterday to the Bush administration's strategy of investing $250 billion in financial firms, saying they don't need the money, resent the intrusion and feel it's unfair to rescue companies from their own mistakes.
But regulators said some banks will be pressed to take the taxpayer dollars anyway. Others banks judged too sick to save will be allowed to fail.
Smaller Banks Resist Federal Cash Infusions - washingtonpost.com
The Bush administration forced these banks to take the money. Now you want to cry foul because this administration isn't waving a magic wand to fix this monumental fuck up ?
http://www.nytimes.com/2009/04/01/business/01bank.html?ref=globalFour small banks became the first to return millions of dollars of emergency aid, and more may soon follow as the industry tries to escape what it considers the onerous conditions attached to the government’s money.
Signature Bank of New York said on Tuesday that it had repaid $120 million to the Treasury Department. Old National Bancorp of Indiana returned $100 million, Iberiabank of Louisiana paid back $90 million, and Bank of Marin Bancorp of Novato, Calif., repaid $28 million. All of the banks paid 5 percent interest on the money they had received.
Here are the first banks to repay the TARP money. Don't see any problem with repaying the money here.
This is begining to smell like what it is: a bunch of whiny ass, partisan, lying, distorting, sacks of shit.
While we have confirmed that several banks have repaid the TARP money, forced on them by the Bush administration, no one has yet produced anyhting but a vague claim about this rejection, for some reason, of a bank to give back the TARP money. What bank is this ? Why have other banks been allowed to pay ?
I smell a dirty, stinking, republican rat.
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