Comments on: Initial TARP Recipients are 57% Repaid

By: Financial Samurai

Financial Samurai — Sat, 05 Dec 2009 15:40:07 +0000

Smithee – Don’t you think it’s just peachy that BOA got a nice $45billion bridge loan for the year, and has raised $19 billion from the public who bailed them out in the first place so they can pay themselves HUGE BONUSES this year just in time? :)

To be able to raise $19 billion from the public means that the public is in full support of Wall St.

God Bless America!

Best,
Sam-urai

By: Flexo

Flexo — Sat, 05 Dec 2009 15:04:51 +0000

In some cases, banks needed to shore up their balance sheets so they could get through the worst of the economy without completely falling apart, and in other cases, banks took the money sue to “peer pressure;” they really weren’t in a position of failure but a larger group of recipients spread the focus around.

By: Jim

Jim — Sat, 05 Dec 2009 00:18:25 +0000

“Nobody is in favor of taxpayer dollars being loaned to private corporations”

I wouldn’t go that far. In general I don’t see any thing wrong with the government lending people money if its for the right reasons and good terms. Government loans can do a lot of good. The government backs or funds loans for farms, college, small businesses, mortgages, etc.

By: John DeFlumeri Jr

John DeFlumeri Jr — Fri, 04 Dec 2009 23:52:00 +0000

I don’t know how the banks can find the money to pay back so muck TARP money. Why did they need it at all, were they just “temporarily overdrawn” or something?

By: RainyDaySaver

RainyDaySaver — Fri, 04 Dec 2009 19:00:19 +0000

I’ll be my cynical self and wager that most of these TARP repayments have been made in order to get out from under the governement’s thumb and rules. That way, they’re free to overspend on CEO salaries and bonuses, and return to their shifty practices.