|
|
|
#1
|
||||
|
||||
Unexpected TARP blowback...
http://money.cnn.com/2009/03/27/news/economy/tarp_takeback/index.htm
Wow start to cap how much the exec's can make and all of a sudden they start dancing to a different tune. "um well we don't want your TARP money anymore." TARP may work, but for different reasons. And they said Gordon Gecko was dead.
__________________
1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#2
|
||||
|
||||
I hope there's an "executive compensation" sized pre- payment penalty.
__________________
'O=00=O' bmw 2002. long live the legend |
#3
|
||||
|
||||
Quote:
|
#4
|
||||
|
||||
we need more "star talent" to run the banks further into the ground...
__________________
"It's normal for these things to empty your wallet and break your heart in the process." 2012 SLK 350 1987 420 SEL |
#5
|
||||
|
||||
Quote:
Goldman Sachs (GS, Fortune 500), Bank of New York/Mellon (BK, Fortune 500), Wells Fargo (WFC, Fortune 500), JP Morgan Chase (JPM, Fortune 500) and Bank of America (BAC, Fortune 500) - all 'mega-banks' that the government forced to take bailout money - say they want to return taxpayer funds "as soon as practical."
__________________
01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#6
|
||||
|
||||
One for all, and all for one!
|
#7
|
||||
|
||||
__________________
01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#8
|
|||
|
|||
One ring to rule them all, one ring to find them, one ring to bring them all, and in the darkness bind them.
__________________
On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST 1983 300SD - 305000 1984 Toyota Landcruiser - 190000 1994 GMC Jimmy - 203000 https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif |
#9
|
||||
|
||||
Quote:
The government should make them give up some other perks to, company cars with drivers and the private jets. We want to make these loans very unpleasent.
__________________
1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#10
|
|||
|
|||
Quote:
The more punitive the loans, the better IMO. A secondary positive side effect is that part of the scare is that the crisis is unfixable. Now business is saying, we don't need federal dollars, we'll fix it ourselves. Quite a tune change from Oct/Nov last year. And it's more reassuring when they think they can fix themselves than when they're shouting, 'help me! help me!'
__________________
1984 300TD |
#11
|
||||
|
||||
They were shouting help me because they thought they could get cheap money from the gov and ride the public gravy train for a bit. I don't think they thought the government would call them on there BS. The owners of Chrysler could have pumped money into it if they wanted too, but they don't.
Since the government is doing the lending they can set whatever terms they damn well please; if they dislike the terms than don't take the money. If they are viable they will get the money elsewhere, if not they will go bankrupt. Thats how it works, produce or get eliminated.
__________________
1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#12
|
||||
|
||||
Quote:
__________________
01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#13
|
|||
|
|||
I believe they were 'forced' to take the loans because they did not have adequate capital in reserve. The gov't was attempting to keep the banks solvent. There are banking regulations about the amount of liquid assets a bank needs to maintain relative to the amount of deposits. Banks like Wells Fargo are starting to whine about how they don't want pay cuts and they could have raised the capital themselves, BUT they haven't.
Suck it up boy's, your gravy train has left the station (I hope)
__________________
On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST 1983 300SD - 305000 1984 Toyota Landcruiser - 190000 1994 GMC Jimmy - 203000 https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif |
#14
|
||||
|
||||
Quote:
If that was so, where is the issue? They would not be able to return the money and still remain "solvent" per FDIC regulations.
__________________
01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#15
|
|||
|
|||
I'm not a banker, but I'll take a stab at it -
FDIC requires banks to maintain a certain capital adequacy ratio. This is to make sure it can handle a certain amount of loss. My interpretation is that the capital/risk ratio has undergone significant changes, with some risk (home mortgages) being weighted differently than they historically have been. That fundamentally changes the ratio. I am not sure if the current situation has caused any alteration in the calculating of tier 1 capital, but would seem to follow that it would. The FED mandates the reserve requirements for depository banks. These reserve requirements can be changed by the FED for a multitude of reasons. Which agency required the banks to take the TARP money, dunno. Maybe both. But, it seems like it was determined, by whoever does the determining, that the capital reserves of these banks was inadequate in the face of the economic meltdown. If the banks don't like it, they can lobby for change or close up and start over in the Caymans.
__________________
On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST 1983 300SD - 305000 1984 Toyota Landcruiser - 190000 1994 GMC Jimmy - 203000 https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif |
Bookmarks |
|
|