Skip to comments.SCREW THE TARP ACCEPTING BANKS
Posted on 03/25/2009 2:00:07 PM PDT by iThinkBig
This is the list of every bank that has taken $100 million or more TARP funds. There are 8,000 banks that have not taken TARP funds. Let's reward these banks with our deposits. They did not make systematic risk bets. They were prudent in their lending. They should be rewarded for these actions. The list of banks below should be punished for their actions.
If you have money in one of these banks, consider a withdrawal to put in a non-TARP bank.
(Excerpt) Read more at theburningplatform.com ...
Not congress? Ha ha ha ha ha.. now that is funny...
Won’t matter once Lord Zero decides those banks not accepting money are a threat and seizes them.
Stop using credit cards from these banks too, even if you pay it off each month. They still get the transaction fees. Screw ‘em.
Credit unions are fine, no trouble at all. They didn’t and don’t do crap loans.
Capital One is in the list. They blew all their money on those stupid commercials.
Not all banks wanted TARP funds. In several instances, the government forced the banks to accept TARP funds. So I’d be careful in refusing to use certain banks. Then again, that is your right.
Some banks such as PNC were arm-twisted by the feds into taking TARP funds and buying problem banks to bail them out. So you have use a rifle here, not a shotgun.
Sovereign moved in, took over, and completely disrupted my accounts with their clumsy on line banking and monolithic Byzantine policies. They were horrible to deal with in many ways.
I went to a credit union that I had been using for a number of years for a small savings account. Great move on my part.
The big banks deserve what they get at the end of this mess. I assume that it will not be pretty for them.
Credit unions aren’t as fine as they like people to believe.
Yeah they sent in Ninjas and “forced” them to take the money.
JP Morgan was arm-twisted into taking the TARP money and they are going through the application process for repaying it... yes... you have to APPLY to repay.
When we moved to Vermont, I put my money in a local bank.
My chief reason was that I had been stung twice earlier, by having accounts in banks that were taken over by large conglomerate banks. The personnel changed, service deteriorated, and they started getting mean about things like our kids’ small savings accounts.
So, I chose a bank that has several branches around this area, but is local. And so far I have been very happy with it.
A lot of the trouble was caused when all the limits were removed and banks started gobbling each other up and growing like giant funguses.
Exactly, some where forced to so people didn’t perceive the ones that took the TARP funds as being in unusually bad trouble, thus investors would bail on those for the ones that didn’t take funds...
IE, not only did the Fed interfere with the market, they did everything in their power to stop the market from working the way it should.
Sorry honey, I was forced to have sex with that stripper!
That’s what I’ve heard.. JPMChase wants to get out of that Devil’s deal as fast as they can.
The SCARLET “T”
From what I’ve heard, the big banks were “encouraged” to take the TARP so that there wouldn’t be a bad perception for those that really needed it. I’m not defending that... I’m just reporting what I’ve heard.
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