OT: Chase sucks………………….fees fees fees fees fees fees

[briansd1]

[quote=KSMountain]I’ve heard many of the banks were actually forced to take the TARP money against their will, and that much of it has been paid back, is that true?[/quote]

Regardless of the bank being forced to take TARP money, banks have special licensing and benefit from access to zero percent money from the Fed. The least they could do is provide some free services for the special privileges they enjoy.

Big banks also enjoy free insurance in that being too-big-to-fail, they know they can blackmail the government into bailing them out if worse comes to worse. Other business don’t enjoy such privileges.

[meadandale]

[quote=briansd1]
Big banks also enjoy free insurance in that being too-big-to-fail, they know they can blackmail the government into bailing them out if worse comes to worse. Other business don’t enjoy such privileges.[/quote]

You mean like, for instance, GM?

Perhaps GM should be providing free compact cars to less well off people since they were bailed out by the government?

[meadandale]

[quote=briansd1]
Big banks also enjoy free insurance in that being too-big-to-fail, they know they can blackmail the government into bailing them out if worse comes to worse. Other business don’t enjoy such privileges.[/quote]

You mean like, for instance, GM?

Perhaps GM should be providing free compact cars to less well off people since they were bailed out by the government?

[meadandale]

[quote=briansd1]
Big banks also enjoy free insurance in that being too-big-to-fail, they know they can blackmail the government into bailing them out if worse comes to worse. Other business don’t enjoy such privileges.[/quote]

You mean like, for instance, GM?

Perhaps GM should be providing free compact cars to less well off people since they were bailed out by the government?

[meadandale]

[quote=briansd1]
Big banks also enjoy free insurance in that being too-big-to-fail, they know they can blackmail the government into bailing them out if worse comes to worse. Other business don’t enjoy such privileges.[/quote]

You mean like, for instance, GM?

Perhaps GM should be providing free compact cars to less well off people since they were bailed out by the government?

[meadandale]

[quote=briansd1]
Big banks also enjoy free insurance in that being too-big-to-fail, they know they can blackmail the government into bailing them out if worse comes to worse. Other business don’t enjoy such privileges.[/quote]

You mean like, for instance, GM?

Perhaps GM should be providing free compact cars to less well off people since they were bailed out by the government?

[Coronita]

[quote=KSMountain]I’ve heard many of the banks were actually forced to take the TARP money against their will, and that much of it has been paid back, is that true?[/quote]

True.

http://www.businessinsider.com/uncovered-tarp-docs-reveal-how-paulson-forced-banks-to-take-the-cash-2009-5

“This is a combined program (bank liability guarantee and capital purchase). Your firms need to agree to both.

*We don’t believe it is tenable to opt out because doing so would leave you vulnerable and exposed

* If a capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance.”

…..
The next document is perhaps even more mindblowing. It’s the one-page agreement whereby each CEO agreed to let the government make its preferred stock injection. As you can see, both the amounts of the injection and the name of the bank are just handwritten scrawl.

….

[Coronita]

[quote=KSMountain]I’ve heard many of the banks were actually forced to take the TARP money against their will, and that much of it has been paid back, is that true?[/quote]

True.

http://www.businessinsider.com/uncovered-tarp-docs-reveal-how-paulson-forced-banks-to-take-the-cash-2009-5

“This is a combined program (bank liability guarantee and capital purchase). Your firms need to agree to both.

*We don’t believe it is tenable to opt out because doing so would leave you vulnerable and exposed

* If a capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance.”

…..
The next document is perhaps even more mindblowing. It’s the one-page agreement whereby each CEO agreed to let the government make its preferred stock injection. As you can see, both the amounts of the injection and the name of the bank are just handwritten scrawl.

….

[Coronita]

[quote=KSMountain]I’ve heard many of the banks were actually forced to take the TARP money against their will, and that much of it has been paid back, is that true?[/quote]

True.

http://www.businessinsider.com/uncovered-tarp-docs-reveal-how-paulson-forced-banks-to-take-the-cash-2009-5

“This is a combined program (bank liability guarantee and capital purchase). Your firms need to agree to both.

*We don’t believe it is tenable to opt out because doing so would leave you vulnerable and exposed

* If a capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance.”

…..
The next document is perhaps even more mindblowing. It’s the one-page agreement whereby each CEO agreed to let the government make its preferred stock injection. As you can see, both the amounts of the injection and the name of the bank are just handwritten scrawl.

….

[Coronita]

[quote=KSMountain]I’ve heard many of the banks were actually forced to take the TARP money against their will, and that much of it has been paid back, is that true?[/quote]

True.

http://www.businessinsider.com/uncovered-tarp-docs-reveal-how-paulson-forced-banks-to-take-the-cash-2009-5

“This is a combined program (bank liability guarantee and capital purchase). Your firms need to agree to both.

*We don’t believe it is tenable to opt out because doing so would leave you vulnerable and exposed

* If a capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance.”

…..
The next document is perhaps even more mindblowing. It’s the one-page agreement whereby each CEO agreed to let the government make its preferred stock injection. As you can see, both the amounts of the injection and the name of the bank are just handwritten scrawl.

….

[Coronita]

[quote=KSMountain]I’ve heard many of the banks were actually forced to take the TARP money against their will, and that much of it has been paid back, is that true?[/quote]

True.

http://www.businessinsider.com/uncovered-tarp-docs-reveal-how-paulson-forced-banks-to-take-the-cash-2009-5

“This is a combined program (bank liability guarantee and capital purchase). Your firms need to agree to both.

*We don’t believe it is tenable to opt out because doing so would leave you vulnerable and exposed

* If a capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance.”

…..
The next document is perhaps even more mindblowing. It’s the one-page agreement whereby each CEO agreed to let the government make its preferred stock injection. As you can see, both the amounts of the injection and the name of the bank are just handwritten scrawl.

….

[KSMountain]

Awesome link, flu!

[KSMountain]

Awesome link, flu!

[KSMountain]

Awesome link, flu!

[KSMountain]

Awesome link, flu!

[Author]

Posts