Comments on: Treasury to Banks: Pay Back TARP Now

By: Lugnut

Lugnut — Thu, 15 Oct 2009 15:45:25 +0000

Extend and pretend is the marching orders. Did I miss something or is mark-to-market on all those bad loans piled up in the back of the broom closet now mandatory?

By: VennData

VennData — Thu, 15 Oct 2009 15:14:20 +0000

Stop abusing women and the unborn with the dollar.

The Fed prints dollars that are used for abortions, not only here and abroad, but everywhere else as well; I am therefore no longer using the dollar and I encourage you to forgo the abortionist’s tools as well.

Go get a debit card from a company that hasn’t suffered from the onerous caps and controls imposed by the Obama / Clinton / Carter Nobel triangle which is actually making credit more expensive (The credit card companies want credit to be less expensive, don’t you see that?)

Once the the dollar goes to zero, then we will have no more gov’t sanctioned abortion …and doctors should be free to make the decisions they want, between them and the patient of their choice.

Stop the Obama / Clinton/ Carter Nobel Death Panels

By: worth

worth — Thu, 15 Oct 2009 14:37:51 +0000

I’m not a banker, but I constantly hear that the banks “pay out half of their revenues in the form of bonuses.” Knowing a bit about accounting though, I realize that companies are required to keep bad debt reserves on hand. Enough to cover the actual losses and then some. So either these banks have sufficient reserves to cover the losses, in which case they can start paying back TARP and don’t need to have TARP money set aside for a rainy day, or they have insufficient reserves, in which case A) they’re in trouble and the CPAs and company officers need to have their licenses revoked or be fined or go to jail for signing off on the financials, and B) they probably shouldn’t be paying out as much in bonuses until they have adequate reserves.
Does this logic work, or am I missing something?

By: Gatsby

Gatsby — Thu, 15 Oct 2009 14:12:02 +0000

A bit of a tangent here but any theories as to why Commercial Credit has had virtually no media coverage over the last year (Big Picture excluded of course).

Barry do you have any thoughts?

By: rob

rob — Thu, 15 Oct 2009 14:04:54 +0000

Considering the conspiracy theory (which seems to have some backing) that all of the tarp money went to buy Treasuries, then this doesn’t bode well for the treasuries when they start to unwind their positions.

By: Rikky

Rikky — Thu, 15 Oct 2009 12:48:51 +0000

CRE big writedowns for sure. Everywhere I look there are empty commercial buildings and they’ve been this way for at least 6 months some of them 18-24 months. No one in the northeast seems to be expanding their business and understandably so. In fact I’m seeing the re-emergence of further cost cutting at the Fortune 500 companies I service.

By: Mike in Nola

Mike in Nola — Thu, 15 Oct 2009 11:24:49 +0000

Proof is in the pudding. If we are going to have to keep listening to BB, Timmy and Summer brag about saving the banking system. And listen to GS and the other banks tell us why all those leeches who produce nothing deserve their collective billions in bonuses, let them survive on their own. There should also be an unwinding of all the Fed’s loans against crap on the bank’s balance sheets.

That will provide a much better climate for discussion of financial reform.