Comments on: Can Geithner stop banks withdrawing from TARP? http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: test http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-909 Tue, 28 Apr 2009 15:56:54 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-909 this is a test

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By: Chris http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-731 Wed, 22 Apr 2009 13:54:43 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-731 Nemo,

GS and JPM took the money not because they were in trouble but because Paulson was worried about the signal it would send to the entire economy about the one bank that REALLY, REALLY needed the help: Citi. That was exposed pretty quickly and almost immediately after taking the funds Jamie Dimon at JPM began talking about paying it back ASAP. It was only after the government changed the rules in the middle of the game that it became more urgent.

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By: Tom Cole http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-719 Wed, 22 Apr 2009 02:02:21 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-719 I find it laughable that we are saying that these banks cannot be “forced” to keep the money while they claim that they didn’t actually need or want the money but were “forced” to take it. They were forced to take it but can’t be forced to keep it. Strange. Very strange.

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By: jim http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-714 Tue, 21 Apr 2009 23:50:16 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-714 So why haven’t the banks given the TARP $$ back already? If Felix can find this provision, surely the banks’ lawyers can — if they didn’t get it inserted in the first place.

Geithner can stop banks giving the money back by explicitly withdrawing the Geithner put; making a public statement that to give the TARP $$ back is to reject Government help; that a bank that rejects Government help is on its own and that its counterparties should understand that. A nuclear option, if you like.

But Geithner doesn’t have to do that. He can privately tell bank CEOs that if they go beyond talking about giving the money back, if they actually begin consultation with the appropriate party, he’d be forced to make such a public statement. That would be enough. If he told them that, they’d be limited to making statements about how they really wanted to give the money back — unless they wanted to call his bluff.

Perhaps he’s already quietly made such a threat.

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By: Herb http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-706 Tue, 21 Apr 2009 20:51:43 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-706 Considering the irresponsible acts of this Obama and his admin (Obama)– still in campaign mode and not governing…, and they want to use TARP to promote a Socialist/Marxist agenda so that Feds can take over Banks, it’s only wise for GS (Goldman Sach), JPM (JP Morgan) want out of TARP system, especially since the rules are being used to undermine banks.

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By: McChavelli http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-705 Tue, 21 Apr 2009 20:27:13 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-705 let them withdraw from the TARP….but not before paying for the CRAP they done…with a loan repayment penalty fee for early repayment worth…errrrrrrr 1.5% worth 30 billion…on the top of the interest the two trillion that would bring to the Treasury (worth some 525 billion for the seven months the monies were used).

So gents from Ivi League educated at the dirty tricks school, pay back to the taxpayers chest the above dosh, not just the principal.

Douth the little tax dodger would push them though…at teh end of the day, they are part of the same gang.

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By: jason http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-703 Tue, 21 Apr 2009 20:15:32 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-703 They should be in bankruptcy. This is all crap.

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By: TANSTAAFL http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-701 Tue, 21 Apr 2009 19:02:03 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-701 Let any/all repay, BUT…

1) such entity may NOT under ANY circumstance receive any government assistance for a period of five years
2) any guarantees by any government agency — Treasury, FDIC, etc. — on any existing borrowings of that entity get voided

So, if they don’t think they need any help — or want any help — that’s fine, but let’s take away ALL the benefits and eliminate the “Geithner put”

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By: jlh http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-700 Tue, 21 Apr 2009 18:41:53 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-700 instead of tarp maybe it should be called trap.remember the song hotel california……you can check out anytime you want but you can never leave.

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By: vachon http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/comment-page-1/#comment-699 Tue, 21 Apr 2009 18:39:29 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/can-geithner-stop-banks-withdrawing-from-tarp/#comment-699 Let the banks pay the money back with the warning that the only thing certain in the future is that they will not receive another dime from the Treasury during Obama’s presidency. Good luck and have a nice day.

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