igggy

Why Bank of America Paid Back the Money

Don't know about BAC but every smaller bank bank I've looked at that took TARP money is paying 5%. 10% would have been way too high for most banks to accept TARP money.


On Dec 04 01:09 PM joker wrote:

> You have to know that this TARP money is not in common, but in preferred
> - which carry interest rates around 10%. Anybody will know that by
> taking deposit at 0.5% and paying 10% is definitely a losing proposition.
> So if possible, BAC of course wants to get out this position.
>
> And there is stigima issue - nobody want to be on a 'wellfare' state.
>
>
> So isn't paying back TARP obvious?

Why I'm Short So Many Financials

Perhaps it's time to bring Glass Seagall back.

World's Top Ten Banks by Assets

Yep, that data is 8 months old (at least):
www.bankersalmanac.com...

Thumbs down to the author!

Deere Gives an 'Eh' Type of Earnings Report

Looks like a perfect short at this point - as well as most other stocks sadly.

A Cool $200 Billion for Bank of America?

Of course, the banks will post profits and they won't need more bailout money. Because now with the new rules in place they can value their assets anyway they want. In Japan, 10 years after the real estate bubble, banks were still writing off bad loans. That's where we are heading.

Will the G20 Crack Down on the FASB?

How does that song go: "I think I am turning Japanese. I really think so."?