Sunday, April 05, 2009

Dealing with the Devil

That is what many second tier banks have discovered that they had done when they accepted TARP money from the government. The government approached these banks with an offer they could not refuse. They were told that they MUST take the money, even though they didn't need it and didn't particularly want it, because if only the tier one banks accepted it, then it would make those banks look shaky and the Fed could not abide by the banks being made to look shakier than the rest of the banks, so the solvent banks had to take money too. Besides, the government told them that their competitors were taking the money which would put them at a competitive disadvantage if they didn't partake as well. Many of these second tier banks gritted their teeth and took the money. Now that the Obama administration is trying to use that money as an excuse to dictate how much money officers may make, and how they may run thier businesses, and WHO may run their businesses, these banks, who again didn't need nor want the money to begin with, are wanting to give the money back. But the Obama administration is refusing to take the money back.
So once again these banks learn that when you deal with Satan, you ultimately get burned.


Anonymous Anonymous said...

Like sex with a hooker.... you just can't imagine what you are connecting with and the DNA that you are contracting with.

April 05, 2009 9:59 PM  
Anonymous ttyler5 said...

I didn't know Obama was an experienced business executive who knew how to run banks and auto companies!

I thought he was a "community activist"!

April 06, 2009 6:03 AM  
Anonymous Anonymous said...

This is interesting, the people most responsible in Congress that created the financial collapse, are the ones heading up the investigations and "rebuilding." The simple analysis is likened to the Captain of the Titanic conducting navigation lessons, or having Ted Kennedy as a swimming instructor.
B. Hussain Obama, has no business experience, personnel experience, and if he is dependent upon selection advisers and cabinet members to aid him in his decisions, one only has to look at the number of failures, tax cheats and other misfits that thumb their noses at him behind his back..... and then perhaps one will find a greater level of comfort with the "Boston Strangler, Ted Bundy or the likes." At least you know what's gonna happen.

April 06, 2009 8:07 AM  

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