Thursday, June 11, 2009

Show Me the Money

"Banks Allowed to Pay Back TARP"

I love President Obama. I really do. I think he has lots of great ideas and is working hard, and will make this country TONS TONS TONS better than it has been the last 8 years.

That said, what the !$*&%(*??!! Banks ALLOWED to pay back money they owe us? Yes, I know we don't want banks pushing too hard and returning assistance when they aren't out of trouble. But many of these banks claimed to have been "forced" to take the money. Well then give it back - but a warning - you DON'T get another chance. If you got money because the govt felt you were at risk, and then you gave it back and started to fail anyway - tough for you. Bye Bye..lots more mega banks to handle your problems, thank you very much.

One would hope we would soon be at a point where we ENCOURAGE people to pay back the money they owe us - not just permit them to.

1 comment:

Justice Fergie said...

my hubby was annoyed at this headline for another reason: apparently some banks rushed to generate the money to pay back the loan b/c their execs wanted to hurry up and solidify their golden parachutes - something they are not permitted to do while having accepted money from the gov't. how in the world did they generate m/billions of dollars in such a short period of time if they were so broke to begin with?