discov

Ten Banks Escape from TARP: Reason to Celebrate?

I want some tarp myself. I will start a new bank, apply for TARP get 25 billion, then go buy JNK with all of it.

JNK yields 13.16% annually. I will pocket the 8.6% over the tarp interest rate and do no work.

If JNK goes in the crapper I will apply for TARP funds

ha ha ha ha ha....so stupid, yet still a more viable model than what the banks are running.