Comments on: Congress to banks: Eat your veggies http://blogs.reuters.com/macroscope/2008/10/23/congress-to-banks-eat-your-veggies/ Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: jason http://blogs.reuters.com/macroscope/2008/10/23/congress-to-banks-eat-your-veggies/comment-page-1/#comment-106 Sun, 26 Oct 2008 18:39:35 +0000 http://blogs.reuters.com/macroscope/?p=58#comment-106 Banks should not be receiving federal funds.

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By: Laura Stein http://blogs.reuters.com/macroscope/2008/10/23/congress-to-banks-eat-your-veggies/comment-page-1/#comment-105 Sun, 26 Oct 2008 17:40:16 +0000 http://blogs.reuters.com/macroscope/?p=58#comment-105 Ahh, no.

“‘If we have a small bank, a failing bank, in a community, that bank is not in a position to write loans for its small businesses, its homeowners. If a larger bank, a stronger bank, is able to acquire that and capital is put into that combined entity, that community is now better served,’ he said.”

So the purpose of Treasury’s capital injection is to create MORE consolidation of banks and institutions “too large to fail” instead of breaking them up as Nobel Prize-winning economist Steglitz and others say is necessary to prevent a repeat need for a bailout in future?!!

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By: Upset http://blogs.reuters.com/macroscope/2008/10/23/congress-to-banks-eat-your-veggies/comment-page-1/#comment-102 Sun, 26 Oct 2008 01:00:34 +0000 http://blogs.reuters.com/macroscope/?p=58#comment-102 Yeah, I found out yesterday that PNC has bought my employer, National City, using some of that money.
Now I have no idea whether or not I will have a job as a result of that action. My tax dollars at work….

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By: keith http://blogs.reuters.com/macroscope/2008/10/23/congress-to-banks-eat-your-veggies/comment-page-1/#comment-99 Sat, 25 Oct 2008 00:58:18 +0000 http://blogs.reuters.com/macroscope/?p=58#comment-99 What a joke – bankers given tax payers money so they can remain in their highly paid jobs having presided over a massive disaster! There should be a $200,000 cap on all banking jobs with immediate effect that would help restore the banking system back to health much more quickly than this crazy Paulson and Bernanke plan!. They have shown themselves to be totally incompetent and should both be sacked.

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By: Chris Boston USA http://blogs.reuters.com/macroscope/2008/10/23/congress-to-banks-eat-your-veggies/comment-page-1/#comment-98 Fri, 24 Oct 2008 21:47:54 +0000 http://blogs.reuters.com/macroscope/?p=58#comment-98 One big Scam !

Paulson Goldman Buffet Sachs.

We are being scammed big time.

$ 62 billion taxpayers money is being payed for bonusses of these failing corrupt criminal financial institutions.

They are steeling us blind and the Bush Cheney Junta is facilitating these corrupt criminal buddies in the last moment.

Steeling 10 trillion dollars from us.

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By: mick http://blogs.reuters.com/macroscope/2008/10/23/congress-to-banks-eat-your-veggies/comment-page-1/#comment-97 Fri, 24 Oct 2008 14:34:13 +0000 http://blogs.reuters.com/macroscope/?p=58#comment-97 Why has 35 year old Kashskhari, primarily trained in Engineering, been put in charge of the Office of Financial Stability, for the United States of America’s Treasury Department? His financial expertise is limited to an MBA, which everyone and his dog can aquire and is of limited financial training. Why has he been charged with the responsibility for distribution of tax payer funded bailout in the biggest financial crisis of all American history. He appears to be unqualified and out of his league. A really big question is who put him in the position and where is mention of the committee responsible for establishing banking industry accountabilities before just handing over money. One man doesn’t just hand over This is completely ludicrous – there must be someting missing from this story. One man doesn’t just hand over $250 billion without ensuring the objective is going to be met. There must, or should be a controlling interest by treasurey until recovery is seen to be established. In this environment the attachment of strings and accountability is necessary – the financial, banking and credit industry’s lack of self regulation is the whole reason behind the initial problem! The big question is, who put Kashkari in this position – this website indicates he’s only got an MBA. Preparing this transfer of funds to the banks should have involved committee decisions that established accountability criteria for the banks, and agreement by the banks to apply the funding in the way determined by the overall bailout plan. This is taxpayer money – to be used for taxpayer benefit – not the banks’.

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By: bubba http://blogs.reuters.com/macroscope/2008/10/23/congress-to-banks-eat-your-veggies/comment-page-1/#comment-94 Thu, 23 Oct 2008 21:33:48 +0000 http://blogs.reuters.com/macroscope/?p=58#comment-94 More restrictions than just to say: Have some money. Now go buy up any bank you wish. Healthy or not. Just get bigger on the taxpayers dime. Then, when your competition is gone. Charge the taxpayers whatever you want to charge for any service you care to extend. Rape them. We don’t care. After all, we are from Goldman Sachs and when we are done here as servants of the taxpayers, lol, we will go back to Goldman Sachs in senior positions for having made them so much money facilitating deals for which they got paid to help you make. Everyone wins. Except, certainly, the taxpayer.

What a racket.

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By: bashjustice http://blogs.reuters.com/macroscope/2008/10/23/congress-to-banks-eat-your-veggies/comment-page-1/#comment-92 Thu, 23 Oct 2008 19:36:27 +0000 http://blogs.reuters.com/macroscope/?p=58#comment-92 what restrictions should the gov put on banks who accept fed funds? apparently none.

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