Posted on 12/27/2010 6:57:24 AM PST by FromLori
Do I really have to say it?
Will someone with a subscription tell me if the SunTrust Bank is on the list? I understand it did not repay the TARP.
Hey! It’s all about hope n change!
Where can I find a list of these banks?
When you want more of a certain sort of activity - you reward it. So, if you want more irresponibility, corruption and screwing over the American taxpayer - you reward banks with bailouts that do this very thing.
Then, if you are a Libtard - you sit around in utter shock and awe, that the bailed out banks have managed to lose the taxpayer money you just gave them.
Disgusting that we bailed out the non-US banks, but at least we didn’t bail out all of our banks. We could have done with allowing more failures to happen. It’s a necessary part of the market.
The article does not give a full list. You can read it without a subscription by typing in...
Bailed-Out Banks Slip Toward Failure
using google search and clicking on the first link.
Another way to see is...
Unofficial Problem Bank List Reaches 844
http://bankimplode.com/list/troubledbanks.htm
A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street.
The price tag for the Wall Street bailout is often put at $700 billionthe size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets. To get a sense of the size of the real $14 trillion bailout, see our chart here. Below, a guide to the pieces of the puzzle:
Treasury Department bailout programs (controlled by Rahm Emanuel)
Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokeragesas much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid. Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets." GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion [PDF].
--SNIP--- long read
Federal Reserve bailout programs
Commercial Paper Funding Facility: With the support from the Treasury, the Fed established the CPFF in October 2008 to increase the availability of short-term debt (commercial paper) funding. Up to $1.8 trillion [PDF] was earmarked for the program.
Mortgage-backed securities purchase: In 2009, the Fed earmarked up to $1.25 trillion to buy investments based on home loans.
Term Asset-Backed Securities Loan Facility: TALF provides financing to investors who are buying asset-backed securities. In February 2009, the Fed and Treasury announced an expansion of the program to generate up to $1 trillion in new lending.
Foreign Central Bank Currency Liquidity Swaps: The Fed has provided $755 billion [PDF] for currency liquidity swaps with foreign central banks.
--SNIP--- long read
Oh p.s. as for those who haven’t paid back that list is here...
No, The Big Banks Have Not “Paid Back” Government Bailouts and Subsidies
“
Pro Publica has been maintaining a list of bailout recipients, updating the amount lent versus what was repaid.
So far, 938 Recipients have had $607,822,512,238 dollars committed to them, with $553,918,968,267 disbursed. Of that $554b disbursed, less than half $220,782,546,084 has been returned.
Whenever you hear pronunciations of how much money the TARP is making, check back and look at this list. It shows the TARP is deeply underwater.”
http://www.zerohedge.com/article/no-big-banks-have-not-paid-back-government-bailouts-and-subsidies
http://bailout.propublica.org/list
If it was necessary then they should have ALL been allowed to fail but that’s not what happened the banks that donated heavily to obama were allowed to wipe out their competition and since they were not all allowed to fail why should we be on the hook for the foreign banks while our own are being wiped out?
Fed throws euro banks a lifeline
http://finance.fortune.cnn.com/2010/12/21/fed-throws-euro-banks-a-lifeline/
It is not possible for them to be on this list. SunTrust got more TARP funds than all these 98 banks combined, and no, they have not paid it back.
We shouldn’t be on the hook for the non-US banks, but it’s not as if bailing out more US banks would have made our economy stronger.
We only made the problem worse by bailing out the big ones, over and over—and making them even bigger still. Bailing out all of our banks would have been even worse than bailing out only the ones we did. And that’s factoring in the noxious effects of having the government pick winners—or non-losers, to be more precise.
They didn’t publish the list but you can check banks safety here..
Bank Ratings for Thrift, Credit Union and National Banks.
Ratings information for: Q3 2010 now available
Search for safe financial institutions
http://www.bankrate.com/rates/safe-sound/bank-ratings-search.aspx#ixzz19KEcfouE
that has been the intent from the begining of the kenyan rule
When we bailed out banks in the 90s that speculated on the peso (CLINTOON), that sent the message: “Engage in highly leveraged, unsound, overly risky speculative activity, and if things don’t work out, we’ll stick it to the taxpayer.”
The BANKSTERS heard that message loud and clear. NO RISK! Party on, boys.
The Wall Street Journal reports 98 shaky TARP recipients
are on the verge of failure as bad loans pile up. Please
consider Bailed-Out Banks Slip Toward Failure
h/t Mish
Tolja TARP was a mistake
Where can I find a list of these banks?
http://calculatedriskimages.blogspot.com/2010/12/unofficial-problem-bank-list-dec-24.html
Notice it’s not party on for the small American Banks? Really ticks me off knowing those same big banks donated heavily to obama for years and to acorn and were still allowed to stick it to the taxpayer while the small American banks are still falling like fly’s.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.