Prev Blog
<<

Wanna see where your $300B went from TARP 1?

Next Blog
>>
Jeff_Tumbarello Category: Finance and Credit
Current Grade: A-
Total Views: 1296
Member Comments: 1
Posted on: 07/30/2009
Posted by: Jeff_Tumbarello
Blog Points: 5344
View all blogs >>

See pages 130-145 - a list of Banks the Government now OWNS due to its preferred stock holdings (which will soon be COMMON non-interest-bearing VOTING ownership)...

http://sigtarp.gov/reports/congress/2009/SIGTARP_Initial_Report_to_the_Congress.pdf

The "easy" view? Page 11, a tiny chart with a big view of a debacle yet to play out.. Note the BIG BOY percentages - these are our five "largest and strongest" Banks..

Don't worry, though - they want to pay it all back immediately, but the Fed won't let them. Uh huh - I wonder which one of them thinks they could write the check today. Their March quarterly balance sheets say they're still lying through their polished teefies.. Gee, what a surprise...

Within the next 3 weeks, most of 'em will get MORE cash to burn, that'll be gone by Q3 at the latest.

Current Grade: A-
Category: Finance and Credit
Leave A Comment
AddThis Social Bookmark Button Social Bookmark

Vieving 1 - 1 out of 1 comments
Brian Lucier
Ambassador
Posted By: Brian Lucier on 07/30/2009

I feel sick . . .