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SCREW THE TARP ACCEPTING BANKS
The Burning Platform ^ | 3-25-09 | Jim Quinn

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 ...


TOPICS:
KEYWORDS: deficit; depression; econonmy; printing
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This is a great start. Nice job Jim Quinn. See the full list in the graph and send to friends. We should also call the first few of the biggest banks and tell them they should be ashamed of themselves for being crooks durng a depression. Understand, it is not Congress running our economic system, it is these several banks. These are the majority of the culprits that ran a shadow banking system, has used and is preparing to use hundreds of billions of tax dollars for more speculation at the global casino.
1 posted on 03/25/2009 2:00:09 PM PDT by iThinkBig
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To: iThinkBig
nderstand, it is not Congress running our economic system, it is these several banks.

Not congress? Ha ha ha ha ha.. now that is funny...

2 posted on 03/25/2009 2:03:42 PM PDT by mnehring
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To: iThinkBig

Won’t matter once Lord Zero decides those banks not accepting money are a threat and seizes them.


3 posted on 03/25/2009 2:04:18 PM PDT by cripplecreek (The poor bastards have us surrounded.)
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To: iThinkBig

Stop using credit cards from these banks too, even if you pay it off each month. They still get the transaction fees. Screw ‘em.


4 posted on 03/25/2009 2:05:52 PM PDT by JTHomes
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To: iThinkBig

Credit unions are fine, no trouble at all. They didn’t and don’t do crap loans.


5 posted on 03/25/2009 2:06:28 PM PDT by libbylu (Sarah - the light of the midnight sun)
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To: iThinkBig

Capital One is in the list. They blew all their money on those stupid commercials.


6 posted on 03/25/2009 2:06:50 PM PDT by Rennes Templar
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To: libbylu

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.


7 posted on 03/25/2009 2:09:05 PM PDT by VA_Gentleman (Witty tagline omitted.)
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To: iThinkBig

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.


8 posted on 03/25/2009 2:09:43 PM PDT by dirtboy
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To: All
ACKBAR KNOWS!!!


9 posted on 03/25/2009 2:09:47 PM PDT by LegendHasIt
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To: iThinkBig
I used to bank at a nice relatively small local bank. They were great in every way as far as I was concerned.

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.

10 posted on 03/25/2009 2:09:54 PM PDT by Radix (Two down, 46 to go.)
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To: libbylu

Credit unions aren’t as fine as they like people to believe.

http://www.kansascity.com/business/story/1102629.html
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/20/AR2009032003558.html
http://www.bizjournals.com/kansascity/stories/2009/03/16/daily52.html


11 posted on 03/25/2009 2:10:15 PM PDT by mnehring
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To: VA_Gentleman

Yeah they sent in Ninjas and “forced” them to take the money.


12 posted on 03/25/2009 2:10:46 PM PDT by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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To: LegendHasIt

NICE Image


13 posted on 03/25/2009 2:11:21 PM PDT by iThinkBig
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To: iThinkBig

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.


14 posted on 03/25/2009 2:11:45 PM PDT by r-q-tek86 (The U.S. Constitution may be flawed, but it's a whole lot better than what we have now)
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To: iThinkBig

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.


15 posted on 03/25/2009 2:11:51 PM PDT by Cicero (Marcus Tullius)
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To: VA_Gentleman

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.


16 posted on 03/25/2009 2:12:03 PM PDT by mnehring
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To: rednesss
Yeah they sent in Ninjas and “forced” them to take the money.

Sorry honey, I was forced to have sex with that stripper!

17 posted on 03/25/2009 2:12:39 PM PDT by pnh102 (Save America - Ban Ethanol Now!)
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To: r-q-tek86

That’s what I’ve heard.. JPMChase wants to get out of that Devil’s deal as fast as they can.


18 posted on 03/25/2009 2:12:52 PM PDT by mnehring
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To: iThinkBig

The SCARLET “T”


19 posted on 03/25/2009 2:13:43 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: rednesss

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.


20 posted on 03/25/2009 2:15:02 PM PDT by r-q-tek86 (The U.S. Constitution may be flawed, but it's a whole lot better than what we have now)
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To: mnehring

Jamie Dimon ain’t happy


21 posted on 03/25/2009 2:16:04 PM PDT by r-q-tek86 (The U.S. Constitution may be flawed, but it's a whole lot better than what we have now)
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To: iThinkBig

May I suggest BVVA Compass. ( yeah, I know its a Spanish bank)


22 posted on 03/25/2009 2:17:35 PM PDT by wolfcreek (There is no 2 party system only arrogant Pols and their handlers)
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To: iThinkBig
I stole it from Lucas, added the words.

All may feel free to steal it from me.


As well as my newest: In honor of the title of this article:
Geithner Virtually Home Alone


23 posted on 03/25/2009 2:17:54 PM PDT by LegendHasIt
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To: rednesss

No, there were no ninjas needed, there was oppressive government regulation instead. Perhaps you should read up on it. You’ll find there were several banks on the TARP list that were strongly opposed to TARP funding.


24 posted on 03/25/2009 2:19:30 PM PDT by VA_Gentleman (Witty tagline omitted.)
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To: LegendHasIt

HAHAHAH. That is hillarious!


25 posted on 03/25/2009 2:22:54 PM PDT by iThinkBig
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To: rednesss

As others have commented, certain banks were forced by the feds to take the money. Wells Fargo, for example, has suspended or reduced dividends in order to pay the TARP money back as soon as possible and get the camel’s nose back out from under the tent. (Of course, in the banking world that is never completely possible as you are always subject to the regulators.)


26 posted on 03/25/2009 2:27:32 PM PDT by erk
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To: erk

The first bank out with a “we don’t have tarp money” commercial is going to be very successful.

(it is going to make barney frank fume.)


27 posted on 03/25/2009 2:30:56 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: iThinkBig

I like the idea, but only applied to banks that asked for TARP funds. Those like J.P. Morgan Chase that got browbeaten and threatened into taking them by Paulson, shouldn’t be twice victimized, once by the government forcing them into a situation where the government has de facto partial control, and a second time by those of us fighting that action.

As for the rest of them, screw them, pull your money, stop using their credit cards, and if feasible refinance your mortgage at with a non-TARP (or at least unwilling TARP) bank (if you won’t lose money doing it).


28 posted on 03/25/2009 2:33:27 PM PDT by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know. . .)
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To: iThinkBig

I would be cautious of small banks, the FDIC can just come in and claim they are insolvent and take them over.
Unless you are the accountant there, who would really ever know.
I would rather stick with the big banks that still have a little pull left and are planning on returning TARP funds, they are the only ones standing in the way of a nationalized bank system — if they go under it won’t matter anyway.


29 posted on 03/25/2009 2:47:04 PM PDT by PMAS
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To: longtermmemmory

An officer at the bank we use is quite proud that they didn’t make stupid loans and have nothing to do with TARP.


30 posted on 03/25/2009 2:52:49 PM PDT by NewHampshireDuo (Earth - Taking care of itself since 4.6 billion BC)
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To: iThinkBig

I did just what you suggested about a week ago. Screw W**** F****.


31 posted on 03/25/2009 2:58:33 PM PDT by Fresh Wind (Hey, Obama! Where's my check?)
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To: VA_Gentleman
"Perhaps you should read up on it. You’ll find there were several banks on the TARP list that were strongly opposed to TARP funding."

Believe everything you read on the internet??? If so I have a bridge for sale. Cheap.

32 posted on 03/25/2009 2:59:11 PM PDT by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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To: pnh102
"Sorry honey, I was forced to have sex with that stripper!"

Does that work????

33 posted on 03/25/2009 2:59:51 PM PDT by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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To: erk
"As others have commented, certain banks were forced by the feds to take the money. Wells Fargo, for example, has suspended or reduced dividends in order to pay the TARP money back as soon as possible and get the camel’s nose back out from under the tent. (Of course, in the banking world that is never completely possible as you are always subject to the regulators.)"


34 posted on 03/25/2009 3:02:45 PM PDT by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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To: iThinkBig

There were some banks who were strong armed into taking this money by Paulson.....

Not all but one is too many and an example of a blatant abuse of power by an unelected official.


35 posted on 03/25/2009 3:10:24 PM PDT by misterrob (FUBO----Just say it, Foooooooooooooo Boooooooowwwwww. Smooth)
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To: rednesss

Like I said, read up on it. Wisconsin One, TCF, and US Bank all refused TARP funds. There are numerous other regional banks as well.


36 posted on 03/25/2009 3:11:49 PM PDT by VA_Gentleman (Witty tagline omitted.)
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To: VA_Gentleman
I have "read up" on it, and until I hear audio, see video, or read a transcript of these meetings where banks were "forced" to take the money, this remains an urban legend. You are believing, hook line and sinker, some talking points put out by the very people who benefit from them. They are self-serving, uncorroborated, press releases.

Gotta go, I hear someone just got video of Bigfoot and the Loch Ness Monster together.

37 posted on 03/25/2009 3:16:44 PM PDT by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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To: iThinkBig

I really like Wachovia’s online banking system. I think I will stay with Wachovia.


38 posted on 03/25/2009 3:17:51 PM PDT by TaxRelief (Walmart: Keeping my family on-budget since 1993.)
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To: TaxRelief

You might want to rethink choosing online convenience over financial stability.

http://www.reuters.com/article/newsOne/idUSTRE48P7B220080926


39 posted on 03/25/2009 3:26:55 PM PDT by LegendHasIt
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To: iThinkBig

Don’t see Charter One or ING on the list. Guess I’m going to have to unload my AMEX/Costco card.


40 posted on 03/25/2009 3:31:20 PM PDT by TheRake
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To: Fresh Wind; iThinkBig
I did just what you suggested about a week ago. Screw W**** F****.

As others have pointed out, your anger is misplaced.

Wells Fargo was one of the banks that was arm-twisted into accepting TARP funds. They didn't ask for it, and they didn't need it.

But, the Treasury Dept. wanted to avoid the perception that only some banks were "in trouble" and needed the funds. To avoid a run on those banks (and exacerbating their very real problems), the other banks were "convinced" to accept bailout funds they didn't need.

41 posted on 03/25/2009 3:40:23 PM PDT by justlurking (The only remedy for a bad guy with a gun is a good guy with a gun.)
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To: iThinkBig
I left Key a couple of years ago. I had an auto withdrawal on Friday after my auto paycheck deposit on Wednesday. The withdrawal went to my IRA.
I had a pile of personal stuff going on so I wasn't paying attention, but finally noticed I was losing about a hundred dollars every paycheck for overdrafts.
Turned out they were “Packaging up” the auto withdrawal on Wednesday, reordering the deposits and withdrawals, making my account overdraft.
Funny how when I moved to a little bank this stopped being a problem.

May these banks die.

42 posted on 03/25/2009 3:45:31 PM PDT by Colvin (Harry Reid is a sap sucking idiot.)
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To: LegendHasIt

Wachovia has since been rescued by Wells Fargo. Wells Fargo is trying hard to pay back TARP funds they accepted to rescue Wachovia.


43 posted on 03/25/2009 3:54:42 PM PDT by TaxRelief (Walmart: Keeping my family on-budget since 1993.)
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To: Colvin

That is classic, if you somehow mess up and have a $100 check, a $35 check, a $25 check and a $20 check all show up on the same day and you only have $85 in your checking account, they will cash the $100 check first, ding you an overdraft for that one, and then get you 3 more times for the other ones, instead of cashing the first 3 checks that came to $80 and then bouncing the $100 and hitting you with only 1 overdraft fee. There’s a special corner of hell for sleazy bankers.


44 posted on 03/25/2009 3:54:50 PM PDT by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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To: TaxRelief
"Wells Fargo is trying hard to pay back TARP funds they accepted to rescue Wachovia."

Why would they have to be working hard to repay it if they didn't need it in the first place??? Shouldn't this TARP money still be readily accessible to return???

45 posted on 03/25/2009 3:56:12 PM PDT by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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To: TaxRelief
"Wells Fargo is trying hard to pay back TARP funds they accepted to rescue Wachovia."

And Wells Fargo did not get TARP money for buying Wachovia.

The Wells Fargo agreement calls for the complete merger of Wells Fargo and Wachovia with no federal assistance. Wells Fargo said it will acquire all of Wachovia's businesses, including its debt in a "stock for stock" transaction. As part of the deal, Wells Fargo, which is based in San Francisco, would gain control of all outstanding shares of Wachovia's common stock. Wachovia is based in Charlotte, N.C.

46 posted on 03/25/2009 4:05:34 PM PDT by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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To: VA_Gentleman

I have used my credit union for 30 years. Why would I change to a bank? I was with them before they started checking accounts.


47 posted on 03/25/2009 4:41:11 PM PDT by libbylu (Sarah - the light of the midnight sun)
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To: justlurking
As others have pointed out, your anger is misplaced.

Wrong. TARP wasn't the only reason I dumped Wells-Walkoverya.

48 posted on 03/25/2009 5:15:29 PM PDT by Fresh Wind (Hey, Obama! Where's my check?)
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To: rednesss

Oh yes, a pox on them.

I loved that they pulled out my money a couple of days in advance of the transfer so they could make away with my money.
They had all sorts of tricks to take my money. Better to deal with payday loan people then these large banks.


49 posted on 03/25/2009 6:53:55 PM PDT by Colvin (Harry Reid is a sap sucking idiot.)
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To: rednesss

why did they take them then?


50 posted on 03/25/2009 7:06:06 PM PDT by TaxRelief (Walmart: Keeping my family on-budget since 1993.)
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