What is Digg?Sponsored by Travelzoo
$45 & up: Huge Hotel Sale view!
travelzoo.com - Great discounts on rooms for the holidays and beyond!
29 Comments
- superdude101, on 05/22/2009, -2/+37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _________
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ./ It's a TARP!\
. . . . . . . . . . . . . . . . _,,,--~~~~~~~~--,_ . . .\ .________/
. . . . . . . . . . . . . . ,-‘ : : : :::: :::: :: : : : : :º ‘-, . . \/. . . . . . . . . .
. . . . . . . . . . . . .,-‘ :: : : :::: :::: :::: :::: : : :o : ‘-, . . . . . . . . . .
. . . . . . . . . . . ,-‘ :: ::: :: : : :: :::: :::: :: : : : : :O ‘-, . . . . . . . . .
. . . . . . . . . .,-‘ : :: :: :: :: :: : : : : : , : : :º :::: :::: ::’; . . . . . . . .
. . . . . . . . .,-‘ / / : :: :: :: :: : : :::: :::-, ;; ;; ;; ;; ;; ;; ;\ . . . . . . . .
. . . . . . . . /,-‘,’ :: : : : : : : : : :: :: :: : ‘-, ;; ;; ;; ;; ;; ;;| . . . . . . .
. . . . . . . /,’,-‘ :: :: :: :: :: :: :: : ::_,-~~,_’-, ;; ;; ;; ;; | . . . . . . .
. . . . . _/ :,’ :/ :: :: :: : : :: :: _,-‘/ : ,-‘;’-‘’’’’~-, ;; ;; ;;,’ . . . . . . . .
. . . ,-‘ / : : : : : : ,-‘’’ : : :,--‘’ :|| /,-‘-‘--‘’’__,’’’ \ ;; ;,-‘ . . . . . . . .
. . . \ :/,, : : : _,-‘ --,,_ : : \ :\ ||/ /,-‘-‘x### ::\ \ ;;/ . . . . . . . . . .
. . . . \/ /---‘’’’ : \ #\ : :\ : : \ :\ \| | : (O##º : :/ /-‘’ . . . . . . . . . . .
. . . . /,’____ : :\ ‘-#\ : \, : :\ :\ \ \ : ‘-,___,-‘,-`-,, . . . . . . . . . . .
. . . . ‘ ) : : : :’’’’--,,--,,,,,,¯ \ \ :: ::--,,_’’-,,’’’¯ :’- :’-, . . . . . . . . .
. . . . .) : : : : : : ,, : ‘’’’~~~~’ \ :: :: :: :’’’’’¯ :: ,-‘ :,/\ . . . . . . . . .
. . . . .\,/ /|\\| | :/ / : : : : : : : ,’-, :: :: :: :: ::,--‘’ :,-‘ \ \ . . . . . . . .
. . . . .\\’|\\ \|/ ‘/ / :: :_--,, : , | )’; :: :: :: :,-‘’ : ,-‘ : : :\ \, . . . . . . .
. . . ./¯ :| \ |\ : |/\ :: ::----, :\/ :|/ :: :: ,-‘’ : :,-‘ : : : : : : ‘’-,,_ . . . .
. . ..| : : :/ ‘’-(, :: :: :: ‘’’’’~,,,,,’’ :: ,-‘’ : :,-‘ : : : : : : : : :,-‘’’\\ . . . .
. ,-‘ : : : | : : ‘’) : : :¯’’’’~-,: : ,--‘’’ : :,-‘’ : : : : : : : : : ,-‘ :¯’’’’’-,_ .
./ : : : : :’-, :: | :: :: :: _,,-‘’’’¯ : ,--‘’ : : : : : : : : : : : / : : : : : : :’’-,
/ : : : : : -, :¯’’’’’’’’’’’¯ : : _,,-~’’ : : : : : : : : : : : : : :| : : : : : : : : :
: : : : : : : :¯’’~~~~~~’’’ : : : : : : : : : : : : : : : : : : | : : : : : : : : : - airwalkery2k, on 05/23/2009, -0/+15I've always trusted the unbiased financial advice of Admiral Ackbar.
- AmazingA, on 05/23/2009, -0/+9Not a lot of shareholders on digg today, huh?
- imjustsayin, on 05/23/2009, -1/+8The shareholders are the bank owners, therefor, if it is truly good for the banks then it is good for the shareholders.
The question is: Is it truly good for the banks? - EelfinnTy, on 05/23/2009, -1/+7payday? none of us will see any of that $$$. The gov will just take it and spend it on something else i don't support.
- 2Six119, on 09/10/2009, -0/+6this is the only comment needed
- Karmashock, on 05/23/2009, -6/+10The Tarp money is being used to justify control of the banks... especially otherwise healthy banks that accepted the TARP only because they were forced to do so.
The sooner the banks pay it off the sooner the Federal government loses it's special authority over them. It's imperative that it be paid off to prevent further interference. The Feds are clueless and the sooner it goes back to the market the better. - macas, on 05/23/2009, -0/+4tragicomedy.
- kigcoopa84, on 05/23/2009, -0/+3let failed banks fail
- kigcoopa84, on 05/23/2009, -0/+3government intervention into lending practices nearly caused a total collapse of the global financial system. Glad to see that has stopped...
- jeffiek, on 05/23/2009, -0/+3Uh, that "catastrophic" part is pure conjecture, all you have to substantiate it are claims from self-serving bureaucrats. There are somewhere around 8000 banks in the US. They could easily take over the accounts of the idiot banks.
No one would be the worse off, except for the bank's bondholders. Ever wonder about that? Bank bondholders have lost nothing. Nada. Zip. Although that may change. http://www.reuters.com/article/GCA-CreditCrisis/id ...
Or not. That was 2 months ago.
Oh, it would have been a lively transition ( as if the one we had wasn't), but the world wouldn't have ended. Instead, those self-serving bureaucrats managed to sucker the public into acquiescing to the expenditure of trillions of their dollars. Not a bad con job if you ask me. - kefkaantakrist, on 05/23/2009, -2/+4The banks lend out money they don't even have (through the process known as fractional reserve banking). For all practical purposes, they are counterfeiting money and the entire industry is a bold faced scam.
That the government allows fractional reserve banking to exist in the first place is a damn shame and justifies any amount of government oversight, if you ask me. - SushiCW, on 05/23/2009, -2/+4Not all of them *did* run their business into the ground. That's the point! Not all of them *needed* life support in the first place, but were put on it anyway.
- Hota, on 05/23/2009, -3/+5The best thing the government can do is not sell back its warrants. Us taxpayers need a nice payday when we get out of this whole debacle.
- kigcoopa84, on 05/23/2009, -0/+2Stock offerings are good for a bank and bad for the shareholdes
- chejohnson82, on 05/24/2009, -0/+2While I'm happy to see all this news about TARP being repaid, this article gave me the impression that the banks are just jumping the gun so that they can get back to the behavior that caused the problem in the first place. Maybe it was just speculation on the writer's part that has no basis in the facts, but my gut it telling me otherwise.
Chris J - http://www.newgoldenmean.com - kigcoopa84, on 05/23/2009, -0/+1Ya you can
- computrius, on 05/23/2009, -0/+1Does it matter? Can I take one my my credit cards, tell the company: "Hey, ive been thinking about it. I just dont think they paying you a $70 payment and having my balance go down by $3 is good for me. So.. Im not going to pay you anymore.."? Either way, it has to be payed back right??
- Gerz1219, on 05/23/2009, -5/+6These banks nearly caused the total collapse of the global financial system. The government has a compelling interest in making sure the banks are being honest about their health and solvency before taking them off life support, because taxpayer money was necessary to prevent their catastrophic bankruptcy. If the banks don't like a bunch of government bureaucrats standing over their shoulders -- and they shouldn't -- then the banks shouldn't have run their businesses into the ground.
- seanof, on 05/23/2009, -1/+2What the bank executives really want to do is raise there own paychecks. Therefore there going to get out of TARP as soon as they can. Whether or not it is good or bad for share holders has nothing to do with it.
- badot, on 10/09/2009, -0/+1when I can be an investor there...
http://badotinside.blogspot.com
http://the-geboy.blogspot.com
http://hebohunik.blogspot.com
http://kangbadot.com - BotchaMcCoola, on 05/25/2009, -0/+1This is some major slick funny business all around. I asked my banker last week. If banks really need more money to lend like the politicians are insisting, why are interest rates on savings the lowest in years. He claims that he does not know either.
- SushiCW, on 05/23/2009, -6/+7"What's not so clear is whether repaying TARP will turn out to be beneficial for investors. Analysts say getting out of TARP could be costly. Indeed, some worry that banks are putting their desire to rid themselves of government intervention ahead of their firms' bottom lines."
In the long run, getting rid of government intervention IS the single best thing they can do for their bottom lines. Why would any sane organization WANT the government's fingers in their business any more than necessary?
I seriously resent how difficult the government is making it for banks to get out of TARP. It smacks to me of shameless power-grabbing, and I don't like it one bit. - howtoapproach, on 05/29/2009, -0/+0How To Approach Women
http://approachwomeneasily.com - AllenDavis, on 05/28/2009, -0/+0Please give me links to info on healthy banks forced to accept TARP funds. This is the first I have heard of it.
- geekee, on 05/24/2009, -1/+1If you can't offer your employees competitive rates, they will go elsewhere, and then your long-term forecast will be worse.
The govt. is an embarrassment. They give $180 billion to AIG, and the only time they investigate what happened to that money is on a paltry $165 million that went to contractually obligated bonuses. The whole thing was a circus side-show while they hide the fact that the US taxpayer is on the hook for most of the bad mortgages in this country, since they were insured by AIG. - inactive, on 05/23/2009, -3/+0Only The Government knows. It knows what's truly good for all of us, and we should all praise Government and accept it's motherly hand over our lives!
- inactive, on 05/23/2009, -4/+1Can you please remind me again what the alternative is?
- judicar, on 05/23/2009, -10/+1This thread is closed.
© Digg Inc. 2009
— Content created and posted by Digg users is