Close your accoutns at banks that took TARP

[davelj]

[quote=TheBreeze][quote=flu]
We just enjoy, pin the tail on the Breezie Donkey ass.

And again. Great job recommending to folks to take money out of tarp funded banks…And then pointing out Emigrant whic his your bank is a nice 1-star banks. With advice like that, who needs to worry about the FDIC collapsing?

Is this you’re do as I say (but not do as I do) advice? Just like your previous infactuation with Obama and crew and the revelation you didn’t even vote for him revealed to us recently?

[/quote]

Emigrant didn’t take TARP. My actions are consistent with my words.

Emigrant may be a ‘problem’ bank, but they aren’t the problem. It’s really the top 10 or so TARP recipients that are crushing our economy.

Stop acting like a two-year old.
[/quote]

Umm… virtually every problem bank in the country has applied for TARP funds. But the Treasury doesn’t release the names of banks who have applied, although some banks themselves previously announced that they had applied. The Treasury only announces which banks have been approved for and accepted TARP funds. The odds are very high that Emigrant Direct – based on its poor financial standing – applied for TARP funds and was rejected. Or was told that they would be rejected unless they withdrew their application. That’s a common occurrence these days. And no one at Emigrant Direct is going to tell you a thing if that’s the case.

FYI… you will find various Emigrant Direct subsidiaries in this list of the 363 most troubled banks: http://bankimplode.com/list/troubledbanks.htm . That’s out of almost 8,400 non-credit union depositories in the country.

But, to be clear, I’m no expert on this bank. I’m just speculating based on their pitiful financial position.

(Although I agree that it’s the largest TARP recipients that are the biggest part of The Problem.)

[Coronita]

[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.

[Coronita]

[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.

[Coronita]

[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.

[Coronita]

[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.

[Coronita]

[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.

[davelj]

[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.

[davelj]

[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.

[davelj]

[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.

[davelj]

[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.

[davelj]

[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.

[Coronita]

[quote=davelj]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.
[/quote]

I thought it was interesting because it’s not so black and white as one may seem. Here was a riddle. I use to have an account with GMAC, that paid close to 5% on an unsecured note. I could deposit and withdraw as please. Then GMAC started to have all these problems, and I’m like holy crap, I don’t have the safety net of an FDIC insurance. So I took out all my money except $100. A couple of months later. GMAC became GMAC Bank…Fully insured….Go figure…..

There is no clean institution, During the haydays, when banks were “banking” 20+% interest on some of the shady debt, banks that didn’t do these shady deals probably were assaulted by greedy shareholders: “why aren’t you making 20+% like the other banks”….Call it peer pressure, but banks probably were pushed into these shady loans to prop up shareholder’s demands….Hence why I don’t think you’ll find that many clean institutions. (my opinion). Good luck finding one.

Credit Unions are probably cleaner, but I don’t have the time nor patience to embark on this journey.

[Coronita]

[quote=davelj]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.
[/quote]

I thought it was interesting because it’s not so black and white as one may seem. Here was a riddle. I use to have an account with GMAC, that paid close to 5% on an unsecured note. I could deposit and withdraw as please. Then GMAC started to have all these problems, and I’m like holy crap, I don’t have the safety net of an FDIC insurance. So I took out all my money except $100. A couple of months later. GMAC became GMAC Bank…Fully insured….Go figure…..

There is no clean institution, During the haydays, when banks were “banking” 20+% interest on some of the shady debt, banks that didn’t do these shady deals probably were assaulted by greedy shareholders: “why aren’t you making 20+% like the other banks”….Call it peer pressure, but banks probably were pushed into these shady loans to prop up shareholder’s demands….Hence why I don’t think you’ll find that many clean institutions. (my opinion). Good luck finding one.

Credit Unions are probably cleaner, but I don’t have the time nor patience to embark on this journey.

[Coronita]

[quote=davelj]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.
[/quote]

I thought it was interesting because it’s not so black and white as one may seem. Here was a riddle. I use to have an account with GMAC, that paid close to 5% on an unsecured note. I could deposit and withdraw as please. Then GMAC started to have all these problems, and I’m like holy crap, I don’t have the safety net of an FDIC insurance. So I took out all my money except $100. A couple of months later. GMAC became GMAC Bank…Fully insured….Go figure…..

There is no clean institution, During the haydays, when banks were “banking” 20+% interest on some of the shady debt, banks that didn’t do these shady deals probably were assaulted by greedy shareholders: “why aren’t you making 20+% like the other banks”….Call it peer pressure, but banks probably were pushed into these shady loans to prop up shareholder’s demands….Hence why I don’t think you’ll find that many clean institutions. (my opinion). Good luck finding one.

Credit Unions are probably cleaner, but I don’t have the time nor patience to embark on this journey.

[Coronita]

[quote=davelj]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.
[/quote]

I thought it was interesting because it’s not so black and white as one may seem. Here was a riddle. I use to have an account with GMAC, that paid close to 5% on an unsecured note. I could deposit and withdraw as please. Then GMAC started to have all these problems, and I’m like holy crap, I don’t have the safety net of an FDIC insurance. So I took out all my money except $100. A couple of months later. GMAC became GMAC Bank…Fully insured….Go figure…..

There is no clean institution, During the haydays, when banks were “banking” 20+% interest on some of the shady debt, banks that didn’t do these shady deals probably were assaulted by greedy shareholders: “why aren’t you making 20+% like the other banks”….Call it peer pressure, but banks probably were pushed into these shady loans to prop up shareholder’s demands….Hence why I don’t think you’ll find that many clean institutions. (my opinion). Good luck finding one.

Credit Unions are probably cleaner, but I don’t have the time nor patience to embark on this journey.

[Author]

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