Home › Forums › Financial Markets/Economics › Close your accoutns at banks that took TARP › flu wrote:Quote: Emigrant
[quote=flu][quote] Emigrant didn’t take TARP. My actions are consistent with my words. [/quote]
Not to add insult to injury..But let’s play connect the dots….
1) Emigrant Direct is the online division of Emigrant Bank
2) Emigrant Bank is owned by…. New York Private Bank and Trust Corporation
Guess what?… New York Private Bank and Trust Corp RECEIVED tarp: $267,274,000 and change.
Enjoy the data….
http://en.wikipedia.org/wiki/New_York_Private_Bank_&_Trust_Corp.
http://banktracker.investigativereportingworkshop.org/tarp/new-york/new-york/new-york-private-bank-and-trust-corporation/
You can also read about Emigrant Bank’s troubled assets here:
http://banktracker.investigativereportingworkshop.org/banks/new-york/new-york/emigrant-bank/, hence probably why there is a 1 star rating on the bank.
[/quote]
Nice find flu. I didn’t bother to dig that deep. Yes, the TARP funds are received at the holding company level and downstreamed to the subs.
Someone will be looking for a new bank soon.
