Comments on: No TARP for You!! http://www.noquarterusa.net/blog/21218/no-tarp-for-you/ Sun, 27 May 2012 09:11:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: huh http://www.noquarterusa.net/blog/21218/no-tarp-for-you/#comment-1185875 huh Thu, 16 Apr 2009 16:29:59 +0000 http://www.noquarterusa.net/blog/?p=21218#comment-1185875 follow up http://www.bloomberg.com/apps/news?pid=20601087&sid=aQfH3nZz9azc&refer=worldwide Dimon said the bank, which bought about $34 billion in mortgage-backed and asset-backed securities in the quarter, doesn’t expect to participate as either a buyer or seller in the Treasury’s Public-Private Investment Program, known as PPIP. “We learned our lesson” about borrowing from the government, said Dimon, who expects PPIP to benefit the financial system as a whole. follow up

http://www.bloomberg.com/apps/news?pid=20601087&sid=aQfH3nZz9azc&refer=worldwide

Dimon said the bank, which bought about $34 billion in mortgage-backed and asset-backed securities in the quarter, doesn’t expect to participate as either a buyer or seller in the Treasury’s Public-Private Investment Program, known as PPIP. “We learned our lesson” about borrowing from the government, said Dimon, who expects PPIP to benefit the financial system as a whole.

]]> By: huh http://www.noquarterusa.net/blog/21218/no-tarp-for-you/#comment-1184178 huh Wed, 15 Apr 2009 16:19:28 +0000 http://www.noquarterusa.net/blog/?p=21218#comment-1184178 Wow! Genworth had 5 full months to complete necessary approvals, akin to a homework assignment, and they did not get it done. With a performance like that, Genworth truly does not deserve to get TARP money. -- Might be more to this story than meets the eye. This Co. had lawyers and they knew when the due date was. Me thinks that they might not have wanted the strings that are attached to TARP. Letting the time line slip by was thier safe, non-confrontational way to handle it. Look at what happened to GM's board, and wonder no longer. There are many firms that want to give back the money but Obama won't allow it. What he wants is control, he does not care about your tax money. Wow! Genworth had 5 full months to complete necessary approvals, akin to a homework assignment, and they did not get it done. With a performance like that, Genworth truly does not deserve to get TARP money.
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Might be more to this story than meets the eye. This Co. had lawyers and they knew when the due date was. Me thinks that they might not have wanted the strings that are attached to TARP. Letting the time line slip by was thier safe, non-confrontational way to handle it. Look at what happened to GM’s board, and wonder no longer. There are many firms that want to give back the money but Obama won’t allow it. What he wants is control, he does not care about your tax money.

]]> By: Peggy Sue http://www.noquarterusa.net/blog/21218/no-tarp-for-you/#comment-1184122 Peggy Sue Wed, 15 Apr 2009 15:28:12 +0000 http://www.noquarterusa.net/blog/?p=21218#comment-1184122 I guess this doesn't fall into the "glimmer of hope" we're suppose to be responding to, Larry. I keep reading these reports, yours and others, and then listen to the "happy talk" from DC and wonder if Treasury doesn't think people will notice the disconnect. But many people, just ordinary folks, are beginning to wake up and are becoming very angry. It's bad enough that we've lost our personal savings, our retirement funds and many pensions hang on a thread. Jobs are tenuous at best, salaries frozen and the mortgage meltdown is still spinning. And we're suppose to stroke the fat cats, who brought the market to its knees? Or accept narrative accounting to make the books look better than they are? As Judge Judy always says, "when it doesn't make sense, it isn't true." Maybe Geithner and the Washington financial wizards need to tune in to a few episodes. It's almost laughable. Except it's not. Thanks for the update! I guess this doesn’t fall into the “glimmer of hope” we’re suppose to be responding to, Larry. I keep reading these reports, yours and others, and then listen to the “happy talk” from DC and wonder if Treasury doesn’t think people will notice the disconnect.

But many people, just ordinary folks, are beginning to wake up and are becoming very angry. It’s bad enough that we’ve lost our personal savings, our retirement funds and many pensions hang on a thread. Jobs are tenuous at best, salaries frozen and the mortgage meltdown is still spinning. And we’re suppose to stroke the fat cats, who brought the market to its knees? Or accept narrative accounting to make the books look better than they are?

As Judge Judy always says, “when it doesn’t make sense, it isn’t true.” Maybe Geithner and the Washington financial wizards need to tune in to a few episodes.

It’s almost laughable. Except it’s not.

Thanks for the update!

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