 
Main Menu
|
|
Nevada Classics
|
|
Advertise at CC
|
| S |
M |
T |
W |
T |
F |
S |
| |
|
|
|
|
|
1 |
| 2 |
3 |
4 |
5 |
6 |
7 |
8 |
| 9 |
10 |
11 |
12 |
13 |
14 |
15 |
| 16 |
17 |
18 |
19 |
20 |
21 |
22 |
| 23 |
24 |
25 |
26 |
27 |
28 |
29 |
| 30 |
|
|
|
|
|
|
|
|
CC Advertisers
|
|
06-18-2009, 03:31 PM
|
 |
CC Member
|
|
|
Join Date: Feb 2006
Cobra Make, Engine:
Posts: 4,926
|
|
Not Ranked
$68 Billion Repaid!
As of Wednesday, Ten banks have paid back $68 Billion back to the Gov't.
JPMorgan Chase and Co. ---- $25 Billion
Morgan Stanley ---- $10 Billion
Goldman Sachs Group Inc. ---- $10 Billion
U.S. Bancorp ---- $6.6 Billion
Capital One Financial Corp. ---- $3.6 Billion
American Express Co. --- $3.4 Billion
BB&T Corp, Bank of New York Mellon Corp., Northern Trust Corp., and State Street Corp. made up the remainder .
A little bit of good news on the financial front.
__________________
Of course it's REAL! You are NOT imagining it!
We don't want a bigger government; We want a government that does a few BIG things, and does them right.
If you think that you can cut it, if you think you got the time, they'll only give you one chance, better get it right first time. 'Cause in this game you're playin, if you lose you got to pay. And if you make just ONE wrong move, you'll get BLOWN AWAY!
|
06-18-2009, 04:09 PM
|
|
Banned
|
|
|
Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
|
|
Not Ranked
On the other hand, it's my understanding that repayment results in the re-distribution of repaid funds to other companies that need the funds. In other words the trap program is opened ended.
Also, most of thes institutions were forced to take funds at the get go.
Therefore, this may be news but not necessarily good news.
|
06-18-2009, 05:35 PM
|
 |
CC Member
|
|
|
Join Date: Jul 2003
Location: Huntsville, AL,
AL
Cobra Make, Engine: 90% of a 428 friggin SCJ Engine!
Posts: 4,474
|
|
Not Ranked
I think we are talking "drops in the bucket"
http://www.nytimes.com/interactive/2...s-graphic.html
Some of you guys get so excited over Obama's "successes" that you overlook the facts. Some, if not all of the banks repaying the loans did not want the money (or need it) in the first place. But THAT will get very little coverage in the MSM. No,the Great One has a success to hang his hat on, and the MSM is gonna help him hang that hat. Just keep track of how often you hear "good news" in association with this story.
Mike
__________________
Happy to be back at Club Cobra!
Last edited by bomelia; 06-18-2009 at 05:39 PM..
|
06-18-2009, 06:02 PM
|
 |
CC Member
|
|
|
Join Date: Mar 2005
Location: Mesa,
AZ
Cobra Make, Engine: FFR from Levy Racing 302 FI w/Edelbrock Performer heads
Posts: 1,644
|
|
Not Ranked
JPMorgan Chase and Co. ---- $25 Billion
So let me get this straight.
Six months ago they needed the money and nothing has changed and now they have $25 billion in profits?????
I must be dumber than I thought.
__________________
dave from mesa
Vietnam Vets may be eligible for medical care and disability compensation. Contact the VA if you have prostate cancer or type 2 diabetes. Finally got around to going to the VA.
|
06-18-2009, 07:26 PM
|
|
CC Member
|
|
|
Join Date: Feb 2006
Cobra Make, Engine:
Posts: 4,926
|
|
Not Ranked
Some people must never get tired of drinking salty beer 
__________________
Of course it's REAL! You are NOT imagining it!
We don't want a bigger government; We want a government that does a few BIG things, and does them right.
If you think that you can cut it, if you think you got the time, they'll only give you one chance, better get it right first time. 'Cause in this game you're playin, if you lose you got to pay. And if you make just ONE wrong move, you'll get BLOWN AWAY!
|
06-18-2009, 08:42 PM
|
|
Banned
|
|
|
Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
|
|
Not Ranked
Quote:
Originally Posted by dave from mesa
JPMorgan Chase and Co. ---- $25 Billion
So let me get this straight.
Six months ago they needed the money and nothing has changed and now they have $25 billion in profits?????
I must be dumber than I thought.
|
No, it was not paid back out of profits - they simply payed back the same funds that they were paid by the government - they didn't originally need the funds - they were forced to take the funds, probably just to insure that the focus wasn't on the few big banks that were really in trouble, like Citi Bank.
Nothing is transparent when Obama is involved. |
06-19-2009, 11:37 AM
|
|
CC Member
|
|
|
Join Date: Feb 2006
Cobra Make, Engine:
Posts: 4,926
|
|
Not Ranked
$68 Billion is a start. We shall see what other funds are repaid as time goes on.
__________________
Of course it's REAL! You are NOT imagining it!
We don't want a bigger government; We want a government that does a few BIG things, and does them right.
If you think that you can cut it, if you think you got the time, they'll only give you one chance, better get it right first time. 'Cause in this game you're playin, if you lose you got to pay. And if you make just ONE wrong move, you'll get BLOWN AWAY!
|
06-19-2009, 01:39 PM
|
|
Banned
|
|
|
Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
|
|
Not Ranked
Quote:
Originally Posted by Sharroll Celby
$68 Billion is a start. We shall see what other funds are repaid as time goes on.
|
You are way too optimistic…..a 10% payback from financial institutions that didn’t need it in the first place is the easy part – now it goes out to those that do need it as well as any company that needs it according to our federal government. It’s basically a slush fund to carry out other Obama Administration “reforms.”
Also, it's not real money, anyway. The feds don't have any money. They will need to secure your money to continue this plan. |
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -7. The time now is 10:15 AM.
Links monetized by VigLink
|
Linear Mode
