fmccap Posted June 17, 2009 Share Posted June 17, 2009 Breakdown of the Fed's $13.9 Trillion Commitment Both Geithner and Bernanke maintain that banks are well capitalized. Indeed many banks are returning TARP funds. However, if banks are well capitalized then why not cancel the remaining $7 Trillion of this taxpayer ripoff right now? Pray tell, what's the need to go ahead with the PPIP? Quote Link to comment Share on other sites More sharing options...
DUCKRACER Posted June 20, 2009 Share Posted June 20, 2009 Breakdown of the Fed's $13.9 Trillion Commitment And take away BO's control of the financial sector? How dare you even think of such a thing? Quote Link to comment Share on other sites More sharing options...
jpd80 Posted June 20, 2009 Share Posted June 20, 2009 (edited) Both Geithner and Bernanke maintain that banks are well capitalized. Indeed many banks are returning TARP funds. However, if banks are well capitalized then why not cancel the remaining $7 Trillion of this taxpayer ripoff right now? Pray tell, what's the need to go ahead with the PPIP? Are the banks are being charged interest on the money loaned to them? If so, someone stands to make a healthy profit out of lending $7 trillion. Edited June 20, 2009 by jpd80 Quote Link to comment Share on other sites More sharing options...
DUCKRACER Posted June 20, 2009 Share Posted June 20, 2009 Are the banks are being charged interest on the money loaned to them? If so, someone stands to make a healthy profit out of lending $7 trillion. Yes, I think that they are paying interest. Quote Link to comment Share on other sites More sharing options...
fmccap Posted June 21, 2009 Author Share Posted June 21, 2009 Yes, I think that they are paying interest. I believe they pay the Fed funds rate which is at zero to a quarter percent. I have seen many bankers(who are doing good) and analysts say any fool can make money in banking right now considering those rates. Makes me wonder how bad they are really doing. Quote Link to comment Share on other sites More sharing options...
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