Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
They are among several large U.S. banks that were expected to refund TARP money Wednesday, the first day that many banks were eligible to do so under the $700 billion rescue program’s rules.
Under TARP, several large banks had to meet government “stress test” requirements before getting permission to repay funds.
U.S. Bank had previously announced its plans to redeem the preferred stock issued to the Treasury, and last week it received approval from the government to do so. U.S. Bank also told the Treasury it intends to repurchase the 10-year warrant it had issued along with the preferred stock.
“The redemption allows our company to return to operating from a position of both independent strength and strategic flexibility,” said Richard Davis, the company’s president, CEO and chairman, in a statement.
They are among several large U.S. banks that were expected to refund TARP money Wednesday, the first day that many banks were eligible to do so under the $700 billion rescue program’s rules.
Under TARP, several large banks had to meet government “stress test” requirements before getting permission to repay funds.
U.S. Bank had previously announced its plans to redeem the preferred stock issued to the Treasury, and last week it received approval from the government to do so. U.S. Bank also told the Treasury it intends to repurchase the 10-year warrant it had issued along with the preferred stock.
“The redemption allows our company to return to operating from a position of both independent strength and strategic flexibility,” said Richard Davis, the company’s president, CEO and chairman, in a statement.
I just want to know how the Socialist Obama expects to maintain his stranglehold on All We Hold Dear if he's just going to let the banks repay their TARP fundage. What will he have left to claim in the name of ACORN?
Location: I currently exist only in a state of mind. one too complex for geographic location.
4,196 posts, read 5,843,321 times
Reputation: 670
Quote:
Originally Posted by delusianne
I just want to know how the Socialist Obama expects to maintain his stranglehold on All We Hold Dear if he's just going to let the banks repay their TARP fundage.
I don't understand the question. wasn't it socialist bush who started the bank bailouts? what's this got to do with barry?
B-b-but wait! How can the US really be turning Socialist if the gubmint just sits back and lets the banks repay their TARP funds?
How many shares of stock were sold from the US Governments asset books, to the public? When the Government no longer owns ANY stocks, then and only then will it not be socialists.
This is a repayment of LOANS, it has absolutely positively NOTHING to do with the reality that the government owns STOCKS and EQUITY in private firms, which is socialism.. To try to mingle the "loans" with "equity" either means you dont know what your talking about, or your trying to confuse those that think they are one of the same which they are not..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
