Comments on: List of Companies Planning to Participate in the US’s Government TARP

By: Janet

Janet — Thu, 10 Sep 2009 15:17:32 +0000

What I’d like to know is this…..how many more companies are unlisted here that have applied for TARP money? I recently went to BusinessWeek online and found totally different company names from these. My reasons for wanting to know is I’m tracking the companies in order to find out just how many are also H-1B hire companies……it seems to me they get to pad their pockets more than one time thanks to some whacked out laws that need to be reformed. I have been researching for a couple weeks now and have found some amazing stats that average joe schmoe worker in the US would not be too happy to find out. Not only are the american workers getting SB&T so is the poor schlub who gets a H-1B in hopes of finding a dream-life……bahhhh. Can we say H*ll in a Handbasket?

By: Linda

Linda — Thu, 26 Feb 2009 06:23:29 +0000

The President’s task is to unwind 26 years of wrongheaded Republican dominated
decisions which have destroyed this nation. All they had to give was hateful rant, and 51% of the citizens fell for it hook, line and sinker.

By: Linda

Linda — Thu, 26 Feb 2009 06:20:28 +0000

This should be the first list of “Do not associate with…” banks. None will be getting
my business or accounts, nor will I be purchasing stock in any of them…ever.

By: JP @ TickerWatcher.com

JP @ TickerWatcher.com — Sun, 23 Nov 2008 15:54:27 +0000

Well I just found out my bank was declined for TARP funding — wouldn’t be surprised if they close in 6 months..

By: Play Games Win Prizes

Play Games Win Prizes — Fri, 21 Nov 2008 07:42:11 +0000

My suggestion is withdraw ALL your money from the bank and just invest all of it into new projects online Actually less risky if you know what you’re doing.

Buying domains and flipping is the EASIEST.

-Mike

By: Arohan

Arohan — Thu, 20 Nov 2008 15:46:21 +0000

You forgot to include PNC.

It is kinda confusing how the Treasury is picking and choosing the winners and the losers. There are many healthy banks that received TARP money, presumably to go ahead and consolidate. Most weak banks will not get aid as long as they are not too big to fail. Then, you have National City, supposedly one of the best capitalized banks in the country with 11% Reserve ratio and they were denied TARP aid as being too weak.

All in all, the execution leaves too much to be desired.

Re: auto bailouts, I am firmly against it as it will just make the industry weaker in the long term. Besides, bailing out Chrysler will be like bailing out Cereberus Capital and that is just plain wrong. Private Equity does not deserve loss socialization.

All this free money sloshing around in the system will cause a bigger and much more spectacular asset bubble in the future unless the feds move aggressively to soak up the liquidity in the coming years. So therefore, to avoid Great Depression 3, feds will have to start tightening the money supply at the precise time when the inflation will run rampant (due to large increase in money supply today). This will have the effect of prolonging the recession/Great Depression 2 for longer than necessary.

The only thing the Feds should have done is to ensure the credit markets unfreeze for the right borrowers. Government should not have stepped in to save private companies. No one is too big to fail

By: Matthew Gilley

Matthew Gilley — Thu, 20 Nov 2008 00:18:33 +0000

In case those reading this article are uninformed, the money they are receiving is coming from the taxpayers and the loans that are being given out are meaningless. They are worth practically nothing other than what the Fed says they are worth.

By: Brennon

Brennon — Wed, 19 Nov 2008 23:11:15 +0000

Don’t forget AIG, Hartford Insurance, Genworth, Ford, Chrysler, and GM. You also can’t forget the $25B FDIC wants for consumers in forclosure. The list grows everyday.

By: CD Rates Blog

CD Rates Blog — Wed, 19 Nov 2008 17:22:52 +0000

It would be interesting to see some numbers on those companies. Many of them are probably multi-bank holding companies. I looked at Cobiz which owns a single Bank, CoBiz Bank, FDIC#22683. They are based in Colorado.

That bank actually looks pretty darn healthy. Over $2BB in assets, profitable, good ratios. The rating system we use gives them a superior rating. So the question begs, why do healthy banks need relief using our tax dollars? Of course on the otherhand, why should only incompetence be rewarded?

Just maybe this will help some of the healthy banks take over non-healthy banks and we will all be better off. I noticed you indicated it is a loan, so in theory the money will be paid back with interest.

Anyway, you know I’m not a big fan of all of the bail-outs.

By: FFB

FFB — Wed, 19 Nov 2008 15:57:32 +0000

I’m not too concerned about the banks listed. Many probably aren’t doing too bad, they’re just looking for some cheap money.