Tim Geithner Better Bend Over...I would fly out to the Treasury Department and ram all of that cash right up his ass...
Banks that want to pay back their federal bailout funds and free themselves from government restrictions on compensation and dividends will have to sever their ties to another financial assistance program.
Financial firms eager to return infusions from the $700 billion Troubled Asset Relief Program will have to demonstrate that they can operate without debt guarantees provided by the Federal Deposit Insurance Corp., a senior government official said Tuesday. The FDIC program allows financial institutions to borrow money at lower costs.
The new requirement will make it harder for some institutions to get out from under government rules attached to the bailouts, another shift in a changing landscape for banks. It also illustrates the government's desire not to have banks abandon the bailout program if they are not financially prepared to do so.
We knew this would happen.
The deal with the devil is that you can leave, but we are not going to insure your deposits.
It is like the Mob, because once you are in, they are never letting you go. These banks are in their pocket and they will never get free...
Prepare for a command economy comrades!
Yeah, right....
CHOP
No comments:
Post a Comment