thannagan

Regional Banks Reject TARP Funding

tomburge - The FDIC fees HAVE gone up - for everyone, including banks that didn't need or want TARP funds.

Tarp, IMO, was all about protecting seven orgs: GS,MS,Citi, BAC/ML, AIG, getting Wachovia sold to PNC and bailing FNM/FRE. The rest was political correctness (small banks access) and pork needed to grease the deal. The good news is Bush/Hank/Congress only blew $350B doing it. Now, the real handout process begins.