mrtaxx

Why Healthy Banks Shouldn't Repay TARP Funds

You responder wrote: "Use of proceeds of the equity deal should be properly disclosed as allowing **insiders to enrich themselves with higher compensation without government scrutiny. ** Beyond that, there is no reason to accelerate repayment within the initial 3 years."....

"Alternatively, one could argue that Goldman is taking its **AIG** proceeds to buy back TARP preferreds. I know that their CFO said they didn't need the AIG bailout given their hedges. At the risk of sounding like Maxine Waters, Blankfein (current CEO) reportedly advised Paulson (prior CEO) during the AIG bailout process. To avoid the appearance of a conflict of interest, perhaps Goldman should voluntarily disgorge its AIG hedge profits since the government made them whole on their contracts (based on Blankfein's counsel)."

"Goldman is now a bank holding company **but I see little evidence of a stable deposit base or other implementation of a bank holding company business plan. ** "

Bingo! Follow the stars (**).

In my opinion:
Paulson worked for Goldman who created some of the the exotic instruments that caused the market crash. He made sure AIG received TARP payments so his buddies at Goldman would benefit. He and his cronies came up with the Bank Holding company senario so Goldman could get the TARP money. Now that the Government says there can be no big bonuses, Goldman all of a sudden doesn't need the TARP money. Hello! Is anybody home!!

Hey, I'm no genious, but if I can see what appears to be going on here why doesn't the Government see what's going on.

Paulson and his cronies and other people and businesses who created these exotic instruments (derivatives, CDO's) or whatever, which caused the destruction of the American economy and economies around the world, should be made to pay back their profits, be fined and be put in jail. Do Not Pass Go, Go Directly To Jail!

Hey, I'm just an average American Taxpayer, what do I know! Talk about being greedy and fraud!

Tracking Jim Cramer's Performance: January 2007 Stock Picks

Cramer is on national TV as is Fast money. CNBC with these 2 TV shows have turned the average investor into a trader (gambler) and the stock market into a gamblers paradise (Las Vegas). Is this good, I think not. Cramer himself, rants and raves like a lunatick, doesn't let anyone get a word in edgewise, is rude and should not be on TV. Your analysys clearly shows he is a loser (a lot of red) when it comes to stock picking. He flip flops on stocks some times in 1 day, in the afternoon he will say the stock is a buy and in the evening he will say the stock is a sell, vise vesa. Is this investing? No It's gambling and that is what Cramer, the Fast Money crew and CNBC are turning it's viewers into, gamblers. What happened to investing? That's what Cramer, Fast Money and CNBC should be promoting, investing, not gambling.