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Six U.S. banks still have more than $300M outstanding each under TARP and are continuing to post...

Six U.S. banks still have more than $300M outstanding each under TARP and are continuing to post losses. Pending M&A has taken care of three, and the other three - Synovus (SNV), Zions (ZION) and Citizens Republic (CRBC) - eventually will have to choose between a dilutive sale of stock to raise cash and a sale, Michael White writes.
Comments (4)
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Give me a good reason why the leaders of these losing institutions should stop the waste, fraud, and theft of the tax payers money. They know they are not going to go to jail. Heck, if they don't get the money it'll just be wasted on unions and other payments for votes.
    4 Mar 2011, 05:20 PM Reply Like
  • Summer Sea
    , contributor
    Comments (92) | Send Message
     
    Banks are getting way out of hand. Some deserve to close, especially if there are clear cases of fraud or strong arming the public. I went into BofAm last week to ask why they are now charging monthly fees to credit card holders. I pay my bill at the end of the month and have a savings account in their bank. They said, sorry, you have to pay the fee. I said, "forget this" cancel my card. They told me if I cancelled my card my credit score would go down. I laughed and said, my credit score couldn't get much lower, so do what you need to do..."I keep an account in your bank and Bank of Am doesn't pay me a "hoot" of interest for using "my money, so why should I pay you to use this ____ credit card."(didn't say what I was thinking.) Well, I walked out and cut up my card. Next week my savings will be moved somewhere, or maybe I'll just by gasoline.
    6 Mar 2011, 12:46 PM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Summer, what do you expect? The banks have to bow before the government so they will NEVER criticize or antagonize it. They do not have to bow to you the consumer. Any attack on the banks will be felt by the consumers. Wise up. All this hate against businesses that provide jobs and services (service that we can elect not to use) are not the problem. The problem is the government which institute costs, rules, and laws that give us no choice. That is the real problem and the problem that politicians do not want the public to see. As long as the politician's can get away with pointing the blame at others, they are free to loot, steal, regulate away America.
    6 Mar 2011, 01:35 PM Reply Like
  • Summer Sea
    , contributor
    Comments (92) | Send Message
     
    N459, not knowing what to expect, having less confidence each day in banks, I'm seriously considering taking my banking business out of this country. Having to do this makes me angry, but the banking practices in the US will soon cause people to leave the American Banking system, not just me....and I agree with your comment.
    7 Mar 2011, 09:20 AM Reply Like
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