It’s a TARP! I found where all your money went.
Man, I knew things were bad ..... but this is pathetic. Get a $100, for a $100 deposit. Are their reserves THAT short for such insane marketing pamphlets. How far are we from a good old fashion run on the bank? I hope the FDIC has their propganda machine oiled for the coming weeks.
One has to wonder, how many $$$$ for this advertising campaign is coming from some TARP bailout. I can't even get my damn tax refund back from the state of California but we can give away fiat to god awful businesses for them to take shits all over it.
Death row to all central bankers. I will see you in hell JP, Hamilton, Rockie, Aldrich, and yes, every single governor since 1913.
From Wiki:
As of 2009, the U.S. Treasury has not yet released an official list of TARP recipients (though it periodically announces recipients in batches). News organizations ProPublica and the New York Times have kept lists of the recipients based on Treasury and individual institution announcements. Beneficiaries of TARP include[32]:
| Company | Preferred Stock purchased (millions USD) | Assets guaranteed (millions USD) | Additional details |
|---|---|---|---|
| Citigroup | $50,000 | $306,000 | Two allocations: $25,000 on October 28, 2008 |
| Bank of America | $45,000 | $118,000 | Two allocations: $25,000 on October 28, 2008 and $20,000 in Jan 2009 |
| AIG (American International Group) | $40,000 | ||
| JPMorgan Chase | $25,000 | October 28, 2008 | |
| Wells Fargo | $25,000 | October 28, 2008 | |
| General Motors | $13,400 | ||
| Goldman Sachs | $10,000 | October 28, 2008 | |
| Morgan Stanley | $10,000 | ||
| PNC Financial Services Group | $7,579 | ||
| U.S. Bancorp | $6,600 | ||
| GMAC Financial Services | $5,000 | ||
| Chrysler | $4,000 | ||
| Capital One Financial | $3,555 | ||
| American Express | $3,389 | ||
| Bank of New York Mellon Corp | $2,000 to $3,000 | ||
| State Street Corp | $2,000 to $3,000 |
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[...] Romanchuk posts some of the little information we have about TARP fund recipients over at the 09ers. Filed Under: 2008 Crisis, Bailout, Economics, General, Re-PostedTagged: list [...]