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House Financial Services Chair Barney Frank is pleased with offers by U.S. Bancorp (USB) and...

House Financial Services Chair Barney Frank is pleased with offers by U.S. Bancorp (USB) and Northern Trust (NTRS) to return $6B and $1.8B in TARP money. "I'm assuming neither one would have done that if they weren't feeling that things are stabilizing." Either that, or they're scared of the gov't.
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Comments (4)
  • paulseglund
    , contributor
    Comments (94) | Send Message
     
    Wish we could return Barney Rubble to Mass-I am sure they don't want to succumb to the governments wishes. Just ask ex Freddie CEO Moffet.
    5 Mar 2009, 05:03 PM Reply Like
  • Kim Miller
    , contributor
    Comment (1) | Send Message
     
    I think they don't like being vilified in the press for their promotional or compensation decisions nor do they want to live with the restrictions. Bottom line though, is that they probably didn't really need the money in the first place. If they did they wouldn't be in a position to give it back.
    5 Mar 2009, 05:18 PM Reply Like
  • brain
    , contributor
    Comments (39) | Send Message
     
    No, no... Mr. Rubble is correct: USB & NTRS are all better now. So just go ahead and dump what investment residue you have left into these sound companies. Then sleep, sleep... sleep...
    5 Mar 2009, 05:23 PM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Barney Frank is standing on the train tracks, the engine is barreling down on him with full throttle while he bends down and picks up a penny from the tack. Inspiring!
    5 Mar 2009, 07:18 PM Reply Like
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