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But the Obama Treasury doens't want it they are planning to give away more of our money seem to want control more than getting our money back and getting out of the banking business. WTF!
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Incidentally, most of the big bankers who met with President Obama in the White House last Friday want to pay back their TARP money, not take more of it. But the Treasury is conducting stress tests that could stop the TARP pay-downs and force the banks to take more taxpayer funds in return for even more federal control.
The big bankers say they are profitable. And with an upward-sloping Treasury yield curve and some market-to-market accounting reform coming from the Financial Accounting Standards Board (FASB), the outlook for banks should be getting better, not worse. So why is the Treasury jamming more TARP money down bankers’ throats, especially after announcing a new plan to use private capital to clean up bank balance sheets and solve the toxic-asset problem?
It kinda sounds like the Treasury doesn’t want to let go of its new uber-regulator status.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
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The CEOs are getting nervous that their golden parachutes aren't going to open as far, and the gov is insisting on tighter regulation to ensure that there is enough credit to keep the economy going and that shareholders are protected from absurd rewards to failed executives. Since these executives don't take personal responsibility, it's good that the government is stepping up to the plate.
Also, in the future please don't forget to credit your source:
One of the Fox shows last week had a former mob boss who's now an investor and he said the same thing, when these companies have government money, the government owns them - the former mob boss could relate - so they want to get out ASAP. But the mob (aka Obama administration) won't allow it.
One of the Fox shows last week had a former mob boss who's now an investor and he said the same thing, when these companies have government money, the government owns them - the former mob boss could relate - so they want to get out ASAP. But the mob (aka Obama administration) won't allow it.
The bank balances of the guys running Toyota and Honda's US operations would tend to disagree with that.
I don't think good mileage cars are viable while gas prices are low. Maybe they'll go up through the natural process. Maybe the Mob Boss will tax gas enough to get them high. But for the immediate future, which is kind of important to car manufacturers, good gas mileage isn't going to sell cars.
Is it not true ? When Mob Boss Obama has government money in, he can do anything. Fire people. Tax at 90%. He is the Mob Boss of the Country.
I agree, it's true. The administration's intention is not simply to bail out the banks, but to control the financial systems. After that they'll attempt to control other industries, not necessarily in the same manner. Watch out Walmart, Microsoft, any oil company.
Is it not true ? When Mob Boss Obama has government money in, he can do anything. Fire people. Tax at 90%. He is the Mob Boss of the Country.
That's business.
Shareholders have a lot of power. When one or more shareholder have a concentration of power, they get to hand out golden parachutes, place cronies on the board, make deals that benefit their own people, make bad decisions but still get rewarded, etc. So far, we haven't seen Obama acting like a corporate executive. Also, Obama's authority comes from the people who democratically elected him and from Congress that has some degree of control over his actions. Do you think Al Capone was democratically elected and tried to act in the interest of the people?
Also, Obama's authority comes from the people who democratically elected him and from Congress that has some degree of control over his actions. Do you think Al Capone was democratically elected and tried to act in the interest of the people?
I'm not sure he was elected to do this. That's why his approval ratings are going down. You guys used to accuse Bush of over reaching with his power but we've never seen anything like this. Never. How much do you want to bet that Hillary would win an election over Obama right now ?
You're right, he was elected to power. And I'm right that he's abusing it.
Banks want to give Taxpayers TARP money Back
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