Obama allows TARP repayment

[Peejay]

The other topics posted on this have misleading titles. To set the record straight, let's make it clear that the Bush TARP plan explicitly denied banks the opportunity to repy the funds early. The Bush TARP plan explicitly said 3 years before banks could repay these funds.

The Obama stimulus package explicitly provided the opportunity to repay TARP funds early, reversing the Bush requirements.

To date, six banks have asked to return their TARP money and five of them have already returned the money.

4 Banks Become First to Repay TARP Money - DealBook Blog - NYTimes.com

Signature Bank of New York

Old National Bancorp of Evansville, Ind.

Iberiabank of Lafayette, La.

Bank of Marin Bancorp of Novato, Calif.

Sun Bancorp, parent of Sun National Bank

Treasury allowing Sun Bancorp to return TARP funds - Philadelphia Business Journal:


Only one bank that has applied to return TARP monay has yet to return the money.


Let's say thanks to the Obama administration for allowing these Banks to return our tax dollars, forced onto them by the Bush administration.

Nicely done.

 

[Ravi]

How funny is that, it actually was Bush's fault.

 

[Skull Pilot]

small insignificant banks.

large banks with bigger market share will not be treated the same. In fact the so called stress test for banks is not a test at all but a subjective set of criteria that changes at the whim of the government.

And what about those banks that were forced to sell stock to the government? Remember these banks stock was bought with TARP money, it was not a loan. Do you think the government will simply sell their control of the nine biggest banks in the country back?

 

[Peejay]

small insignificant banks.


And what about those banks that were forced to sell stock to the government? Remember these banks stock was bought with TARP money, it was not a loan. Do you think the government will simply sell their control of the nine biggest banks in the country back?

See Sun Bankcorp.

They were allowed to repurchase the prefered stock bought through TARP.

YOu are a scared to death, typical partisan. NO ONE has been deinied to repay funds or to repurchase stock.

Go tell the other chickens about the sky falling. Not interested here.

 

[Skull Pilot]

small insignificant banks.


And what about those banks that were forced to sell stock to the government? Remember these banks stock was bought with TARP money, it was not a loan. Do you think the government will simply sell their control of the nine biggest banks in the country back?

See Sun Bankcorp.

They were allowed to repurchase the prefered stock bought through TARP.

YOu are a scared to death, typical partisan. NO ONE has been deinied to repay funds or to repurchase stock.

Go tell the other chickens about the sky falling. Not interested here.

I'm no partisan. The forcing of banks to sell stock to the government was nothing short of unconstitutional. That is the problem that you don't seem to understand.

Now the government is firing employees of private companies, threatening to do the same with banks and it's all OK with you.

This was one of the most egregious misuses of government power and you, like the rest of the fucking sheep, don't care.

 

[Peejay]

small insignificant banks.


And what about those banks that were forced to sell stock to the government? Remember these banks stock was bought with TARP money, it was not a loan. Do you think the government will simply sell their control of the nine biggest banks in the country back?

See Sun Bankcorp.

They were allowed to repurchase the prefered stock bought through TARP.

YOu are a scared to death, typical partisan. NO ONE has been deinied to repay funds or to repurchase stock.

Go tell the other chickens about the sky falling. Not interested here.

I'm no partisan. The forcing of banks to sell stock to the government was nothing short of unconstitutional. That is the problem that you don't seem to understand.

Now the government is firing employees of private companies, threatening to do the same with banks and it's all OK with you.

This was one of the most egregious misuses of government power and you, like the rest of the fucking sheep, don't care.

Oh I care. I didn't support any of the bailouts. Bush or Obama.

But I know who has given Banks the option to give this money back and walk away.

I also knwo that if GM wanted to keep their CEO, they could have. They just had to make it without a hand out. Nobody fired the guy. He resigned so the Co. could get some of our tax dollars.

In any case, let's stick to the subject. Show us where a SINGLE bank has been denied the chance to give the money back that Bush forced them to take.

Got anything ? I thought not.

 

[xsited1]

The other topics posted on this have misleading titles. To set the record straight, let's make it clear that the Bush TARP plan explicitly denied banks the opportunity to repy the funds early. The Bush TARP plan explicitly said 3 years before banks could repay these funds.

The Obama stimulus package explicitly provided the opportunity to repay TARP funds early, reversing the Bush requirements.

To date, six banks have asked to return their TARP money and five of them have already returned the money.

4 Banks Become First to Repay TARP Money - DealBook Blog - NYTimes.com

Signature Bank of New York

Old National Bancorp of Evansville, Ind.

Iberiabank of Lafayette, La.

Bank of Marin Bancorp of Novato, Calif.

Sun Bancorp, parent of Sun National Bank

Treasury allowing Sun Bancorp to return TARP funds - Philadelphia Business Journal:


Only one bank that has applied to return TARP monay has yet to return the money.


Let's say thanks to the Obama administration for allowing these Banks to return our tax dollars, forced onto them by the Bush administration.

Nicely done.

Considering that Obama allowed the money to be spent in the first place, I'm not too impressed. It's like a thief who steals all your property and then gives you your couch back. Is that supposed to make me feel better? The guy is still a thief.

 

[Skull Pilot]

let's wait until the government imposes its stress test on Goldman.



Goldman to repay TARP pending test, U.S. blessing - Forbes.com

NEW YORK (Reuters) - Goldman Sachs Group Inc (nyse: GS - news - people ) is prepared to pay back the U.S. government's $10 billion Troubled Asset Relief Program investment as soon as allowed by regulators, but some hurdles remain, a person familiar with the situation said Tuesday.

And while the investment bank is considering reducing or hedging its roughly $6 billion stake in Industrial and Commercial Bank of China ICBC Ltd, such a move has no bearing on its repayment plans, the person said.

Goldman is one of several TARP recipients that plan to repay the money as soon as possible, but the terms of last fall's Treasury rescue financing require banks to replace the TARP funds with permanent capital such as common stock, preferred shares. Another option is paying from retained equity from earnings, the source said.

Banks also must pass a government mandated "stress test," which will determine if the bank would remain sufficiently well-capitalized without the TARP money. Those tests are to be completed by the end of next month, the person said.

Ultimately Goldman and other banks will need the blessings of U.S. Treasury and Federal Reserve officials.

we'll see if the big banks are allowed to repay or not unlike the little insignificant banks that you deem so important.

 

[Peejay]

The other topics posted on this have misleading titles. To set the record straight, let's make it clear that the Bush TARP plan explicitly denied banks the opportunity to repy the funds early. The Bush TARP plan explicitly said 3 years before banks could repay these funds.

The Obama stimulus package explicitly provided the opportunity to repay TARP funds early, reversing the Bush requirements.

To date, six banks have asked to return their TARP money and five of them have already returned the money.

4 Banks Become First to Repay TARP Money - DealBook Blog - NYTimes.com

Signature Bank of New York

Old National Bancorp of Evansville, Ind.

Iberiabank of Lafayette, La.

Bank of Marin Bancorp of Novato, Calif.

Sun Bancorp, parent of Sun National Bank

Treasury allowing Sun Bancorp to return TARP funds - Philadelphia Business Journal:


Only one bank that has applied to return TARP monay has yet to return the money.


Let's say thanks to the Obama administration for allowing these Banks to return our tax dollars, forced onto them by the Bush administration.

Nicely done.

Considering that Obama allowed the money to be spent in the first place, I'm not too impressed. It's like a thief who steals all your property and then gives you your couch back. Is that supposed to make me feel better? The guy is still a thief.

You're a lying sack of shit.

This money was handed out by George Bush.

 

[Peejay]

let's wait until the government imposes its stress test on Goldman.



Goldman to repay TARP pending test, U.S. blessing - Forbes.com

NEW YORK (Reuters) - Goldman Sachs Group Inc (nyse: GS - news - people ) is prepared to pay back the U.S. government's $10 billion Troubled Asset Relief Program investment as soon as allowed by regulators, but some hurdles remain, a person familiar with the situation said Tuesday.

And while the investment bank is considering reducing or hedging its roughly $6 billion stake in Industrial and Commercial Bank of China ICBC Ltd, such a move has no bearing on its repayment plans, the person said.

Goldman is one of several TARP recipients that plan to repay the money as soon as possible, but the terms of last fall's Treasury rescue financing require banks to replace the TARP funds with permanent capital such as common stock, preferred shares. Another option is paying from retained equity from earnings, the source said.

Banks also must pass a government mandated "stress test," which will determine if the bank would remain sufficiently well-capitalized without the TARP money. Those tests are to be completed by the end of next month, the person said.

Ultimately Goldman and other banks will need the blessings of U.S. Treasury and Federal Reserve officials.

we'll see if the big banks are allowed to repay or not unlike the little insignificant banks that you deem so important.

Yes, we will.

Unfortunately, as noted in your article, last fall's TARP regulations may get in the way. Luckily, they have the stimulus bill that at least gives them the opportunity that they didn't have before.

You understand that they couldn't repay early, at all, under the Bush plan?

 

[Skull Pilot]

let's wait until the government imposes its stress test on Goldman.



Goldman to repay TARP pending test, U.S. blessing - Forbes.com

NEW YORK (Reuters) - Goldman Sachs Group Inc (nyse: GS - news - people ) is prepared to pay back the U.S. government's $10 billion Troubled Asset Relief Program investment as soon as allowed by regulators, but some hurdles remain, a person familiar with the situation said Tuesday.

And while the investment bank is considering reducing or hedging its roughly $6 billion stake in Industrial and Commercial Bank of China ICBC Ltd, such a move has no bearing on its repayment plans, the person said.

Goldman is one of several TARP recipients that plan to repay the money as soon as possible, but the terms of last fall's Treasury rescue financing require banks to replace the TARP funds with permanent capital such as common stock, preferred shares. Another option is paying from retained equity from earnings, the source said.

Banks also must pass a government mandated "stress test," which will determine if the bank would remain sufficiently well-capitalized without the TARP money. Those tests are to be completed by the end of next month, the person said.

Ultimately Goldman and other banks will need the blessings of U.S. Treasury and Federal Reserve officials.

we'll see if the big banks are allowed to repay or not unlike the little insignificant banks that you deem so important.

Yes, we will.

Unfortunately, as noted in your article, last fall's TARP regulations may get in the way. Luckily, they have the stimulus bill that at least gives them the opportunity that they didn't have before.

You understand that they couldn't repay early, at all, under the Bush plan?

and now they are given the illusion they will be allowed to repay depending on the outcome of a subjective set of ever changing government determined criteria.

 

[xsited1]

The other topics posted on this have misleading titles. To set the record straight, let's make it clear that the Bush TARP plan explicitly denied banks the opportunity to repy the funds early. The Bush TARP plan explicitly said 3 years before banks could repay these funds.

The Obama stimulus package explicitly provided the opportunity to repay TARP funds early, reversing the Bush requirements.

To date, six banks have asked to return their TARP money and five of them have already returned the money.

4 Banks Become First to Repay TARP Money - DealBook Blog - NYTimes.com

Signature Bank of New York

Old National Bancorp of Evansville, Ind.

Iberiabank of Lafayette, La.

Bank of Marin Bancorp of Novato, Calif.

Sun Bancorp, parent of Sun National Bank

Treasury allowing Sun Bancorp to return TARP funds - Philadelphia Business Journal:


Only one bank that has applied to return TARP monay has yet to return the money.


Let's say thanks to the Obama administration for allowing these Banks to return our tax dollars, forced onto them by the Bush administration.

Nicely done.

Considering that Obama allowed the money to be spent in the first place, I'm not too impressed. It's like a thief who steals all your property and then gives you your couch back. Is that supposed to make me feel better? The guy is still a thief.

You're a lying sack of shit.

This money was handed out by George Bush.

Another left wingnut insult! Yippee!!!!!

Congress handles the money.

 

[Peejay]

let's wait until the government imposes its stress test on Goldman.



Goldman to repay TARP pending test, U.S. blessing - Forbes.com


we'll see if the big banks are allowed to repay or not unlike the little insignificant banks that you deem so important.

Yes, we will.

Unfortunately, as noted in your article, last fall's TARP regulations may get in the way. Luckily, they have the stimulus bill that at least gives them the opportunity that they didn't have before.

You understand that they couldn't repay early, at all, under the Bush plan?

and now they are given the illusion they will be allowed to repay depending on the outcome of a subjective set of ever changing government determined criteria.

The illusion that is supported by the banks that have already repaid ?

Again, do you understand that under the Bush terms, this would not even be a possibilty ? Do you understand that any money we get paid early is a result of the Obama plan ?

 

[Skull Pilot]

Yes, we will.

Unfortunately, as noted in your article, last fall's TARP regulations may get in the way. Luckily, they have the stimulus bill that at least gives them the opportunity that they didn't have before.

You understand that they couldn't repay early, at all, under the Bush plan?

and now they are given the illusion they will be allowed to repay depending on the outcome of a subjective set of ever changing government determined criteria.

The illusion that is supported by the banks that have already repaid ?

Again, do you understand that under the Bush terms, this would not even be a possibilty ? Do you understand that any money we get paid early is a result of the Obama plan ?

You are placing far too much importance an small amounts of money given to small banks.

The big fish are the ones the government wants to keep

 

[manu1959]

How funny is that, it actually was Bush's fault.

geitner and bernanke wrote tarp one...not bush.....

 

[Peejay]

and now they are given the illusion they will be allowed to repay depending on the outcome of a subjective set of ever changing government determined criteria.

The illusion that is supported by the banks that have already repaid ?

Again, do you understand that under the Bush terms, this would not even be a possibilty ? Do you understand that any money we get paid early is a result of the Obama plan ?

You are placing far too much importance an small amounts of money given to small banks.

The big fish are the ones the government wants to keep

Goldman Sachs hasn't formally applied to give back the money, which it received as part of the first round of the Troubled Asset Relief Program, the person said, declining to be identified because the talks are private.

Goldman Sachs looks to repay TARP money - The Boston Globe

Complete horse shit. Just as I suspected, Goldman Sachs has not even applied to return the money.

I suppose you'd bitch about not getting a job you didn't apply for too.

 

[Skull Pilot]

idiot they are awaiting the results of the so called stress tests

 

[Peejay]

idiot they are awaiting the results of the so called stress tests

Bullshit.

If they want to give the money back, they have to apply first.

Again, get back to us when a single bank that actually applies to give the money back, is denied. Until then, like all the other partisans, you got jack shit.

 

[Skull Pilot]

idiot they are awaiting the results of the so called stress tests

Bullshit.

If they want to give the money back, they have to apply first.

Again, get back to us when a single bank that actually applies to give the money back, is denied. Until then, like all the other partisans, you got jack shit.

Why waste time applying until the criteria for repayment, if allowed, are set?

 

[Peejay]

No one is preventing Goldman Sachs from repaying but Golman Sachs.

Goldman Sachs (NYSE: GS) President said the company is unlikely to return TARP funds before the stress test.

StreetInsider.com - Goldman Sachs (GS) President Said the Company is Unlikely to Return TARP Funds Before the Stress Test