Seems that a few banks think that the capital infusions they got a few months ago from the Treasury Department’s Troubled Assets Relief Program are now something they want to get rid of quickly.
That’s according to a story in today’s Charlotte Observer, a sister paper to the Wichita Eagle.
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When you have the Democratic Party government parading them in front of Congress in order to be ridiculed and also the personal security threats made by people stalking the employees of these banking firms, I wouldn’t doubt it.
That is what you get when you make your bed with the government. If you sleep with dogs, you will get fleas.
Time to shake those fleas off in a hurry.
What a joke! Bush, not Obama, initiated the de facto nationalization if these institutions. It should come as no surprise that taxpayers might get outrages when those who caused th problems (specifically that group at AIG who bankrupted the company) give themselves multi-million dollar bonuses from welfare money.
Perhaps if Bush and the Republics had demanded some accountability for the welfare payments these members of an on-going criminal enterprise would not feel so beleaguered today.
Bush might have started the process but Obama fed the flames. His administration is the one that insisted that Chris Dodd insert language in the stimulus bill specifically authorizing those bonuses. This is the same bill that was so important to pass that no one could take the time read it before voting. The Obama and Geithner feign ignorance and outrage when the deal blows up. Obama is either incompent or a demagogue – or both.
Not to mention that Chris Dodd’s wife is a Board Director on one of AIG’s Bermuda tax shelter companies.
“His administration is the one that insisted that Chris Dodd insert language in the stimulus bill specifically authorizing those bonuses.”
What’s the source of that information, austin?