On Thu, 05 Feb 2009 07:14:10 -0600, thunder
wrote:

On Thu, 05 Feb 2009 12:57:08 +0000, Wizard of Woodstock wrote:


Interesting side bar - Goldman Sachs is preparing to give the money back
along with BOA, Wells Fargo and a couple of other banks.

So, I guess they didn't need the money after all. Either that, or their
greed is unabated.

Six of the nine "big" banks originally balked at taking TARP funds if
you remember - they didn't ask for it. They were forced into it. They
didn't expect that to happen - they expected the original purpose of
TARP which was the purchase of trouble assets - You know, like it's
name - Troubled Asset Relief Program?

Remember the "locked room" meeting with Geithner and Paulson when this
all happened a few months ago? They were basically told you wll take
the money.

Well, they did and now they want to give it back because they didn't
need it in the first place, didn't want it and were given it anyway.

You guys need to stop watching CNN and watch CNBC. :)


--

Chaos! Panic! Disaster! (My work here is done)