Having taken US Treasury TARP funds from Tim Geithner, and being subjected to his “Stress test”, several TARP recipients have surprised the U.S. Treasury by easily selling new stock and raised money in the past few weeks with the goal of paying back the TARP money, paying off their loan shark, and no longer being subject to the whims of President Obama and a Democratic Congress. How naive.
Bloomberg reports that the [US Treasury has moved the finish line], saying that what they said just a week ago for the firm’s capital requirements no longer applies, and the U.S. Treasury won’t allow the TARP money to be paid back.
Do banks have kneecaps?
Does anayone else hear the distance sound of the drums of war?