Paul Ryan...our New VP

If I were running a bank that I knew was solid I would call that an empty threat, on the other hand with the TARP money that was a Gov. gift it would be hard for a banker to turn down even if they just invested it in one of their own CDs with crappy rates it would still boost their bottom line.

samhill wrote:If I were running a bank that I knew was solid I would call that an empty threat, on the other hand with the TARP money that was a Gov. gift it would be hard for a banker to turn down even if they just invested it in one of their own CDs with crappy rates it would still boost their bottom line.

You think the Fed makes empty threats? The fact that all the banks took the money says they don't believe it.

I guess when the Feds show up at your bank on a Friday, 10 minutes before closing, and lock the door behind them, then you'd see how empty their threats were.

The small local banks didn't get any Tarp money, it was the big boys & it was hush money.

jpete wrote:So what is your "interpretation" of this? It seems pretty clear to me.

It seems clear to me, too, and perfectly reasonable. To repeat, what he was saying is, "You nine banks have f*cked up the US economy and brought it to the brink of disaster, and you obviously don't give a sh*t, but the rest of us do. This is how we're going to fix it, whether you like it or not."

But that's not true. Some of those banks were perfectly fine.

But if some of them didn't take it, it would make glaringly obvious who the bad actors were and might cause a run on those banks(Probably not. Americans are too dumb) and that had to be avoided at all costs because the worst offenders were JP Morgan/Chase and Goldman Sachs.

The men behind the curtain needed to get everyone into their sinking ship to maintain the illusion.

Those banks that caused this were for the most part investment banks, if they even did normal banking that was their side line not where money was made or lost. Unfortunatly it was also where the smaller banks get their capital, they don't really keep your deposit in the vault with your name on it, it's like a foor chain the Fed feeds the big ones & the smaller on down feed off of them.

Thanks for the lesson.

And that's how they are forced to take the TARP money.

If capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance

That means the Federal regulator will simply up the banks reserve ratio UNTIL they have to take the money.

If they don't have a reserve, then the FDIC comes and shuts them down.

Nice little protection scheme they have going on if you ask me.

But, I'm sure you'll find some argument to exonerate the banks you rail against....

No Jpete it's all part of your grand fear of the Gov. coming to take you away Ha-Ha, their coming to take you away Ho-Ho, He-He their coming to take you away. Couldn't resist but a lot hear won't know the name of that tune.

samhill wrote:No Jpete it's all part of your grand fear of the Gov. coming to take you away Ha-Ha, their coming to take you away Ho-Ho, He-He their coming to take you away. Couldn't resist but a lot hear won't know the name of that tune.

Not only do I know it, I have it on tape and possibly 45.

And if they do, it's guys like you that will have put me there for failure to simply read what is on the page.

You'll concoct every theory to reject what's right in front of you.

jpete wrote:

samhill wrote:No Jpete it's all part of your grand fear of the Gov. coming to take you away Ha-Ha, their coming to take you away Ho-Ho, He-He their coming to take you away. Couldn't resist but a lot hear won't know the name of that tune.

Not only do I know it, I have it on tape and possibly 45.

And if they do, it's guys like you that will have put me there for failure to simply read what is on the page.

You'll concoct every theory to reject what's right in front of you.

Scary but you're more Right than Wrong.

samhill wrote:No Jpete it's all part of your grand fear of the Gov. coming to take you away Ha-Ha, their coming to take you away Ho-Ho, He-He their coming to take you away. Couldn't resist but a lot hear won't know the name of that tune.

Wasn't that Ross Perot's theme song?