"Mayo" > wrote in message ...
> On 8/20/2014 9:46 AM, Pico Rico wrote:
>> "Mayo" > wrote in message ...
>>> On 8/20/2014 8:11 AM, Pico Rico wrote:
>>>> "Mayo" > wrote in message
>>>> ...
>>>>> On 8/19/2014 8:32 PM, Pico Rico wrote:
>>>>>> "Mayo" > wrote in message
>>>>>> ...
>>>>>>> On 8/19/2014 7:02 PM, Pico Rico wrote:
>>>>>>>> "Mayo" > wrote in message
>>>>>>>> ...
>>>>>>>>> On 8/19/2014 5:23 PM, Cheri wrote:
>>>>>>>>>>
>>>>>>>>>> "Mayo" > wrote in message
>>>>>>>>>> ...
>>>>>>>>>>> On 8/19/2014 1:46 PM, Cheri wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>> On 8/19/2014 1:00 PM, Sqwertz wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>>> They're
>>>>>>>>>>>>>> charging you simply because they're greedy *******s.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> -sw
>>>>>>>>>>>>
>>>>>>>>>>>> And first in line for a bailout too.
>>>>>>>>>>>>
>>>>>>>>>>>> Cheri
>>>>>>>>>>>
>>>>>>>>>>> Because we all know less damage would have happened had they
>>>>>>>>>>> simply
>>>>>>>>>>> failed, yes?
>>>>>>>>>>
>>>>>>>>>> Which has nothing at all to do with being greedy *******s, not
>>>>>>>>>> giving
>>>>>>>>>> back to their customers but expecting a bailout when things go
>>>>>>>>>> wrong.
>>>>>>>>>> Their fees are ridiculous.
>>>>>>>>>>
>>>>>>>>>> Cheri
>>>>>>>>>
>>>>>>>>> Giving back what to their customers, less fees?
>>>>>>>>>
>>>>>>>>> Do you have any idea where _some_ of the bailout went?
>>>>>>>>>
>>>>>>>>> http://askville.amazon.com/financial...estId=42865783
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> Iberiabank, the first bank to apply to leave TARP, returned $90
>>>>>>>>> million.
>>>>>>>>> “We are pleased to be among the first financial institutions to
>>>>>>>>> pay
>>>>>>>>> back
>>>>>>>>> the Treasury’s TARP investment,” Daryl G. Byrd, the bank’s chief
>>>>>>>>> executive, said in a statement.
>>>>>>>>>
>>>>>>>>> Bank of Marin returned $28 million. “Given the operating
>>>>>>>>> restrictions
>>>>>>>>> we
>>>>>>>>> experienced as a participant, we believe this decision is in the
>>>>>>>>> best
>>>>>>>>> interest of our customers, shareholders and employees,” Russell A.
>>>>>>>>> Colombo, the bank’s chief executive, said in a statement. “We feel
>>>>>>>>> we
>>>>>>>>> are
>>>>>>>>> well positioned to continue lending in our community without
>>>>>>>>> additional
>>>>>>>>> capital support.”
>>>>>>>>>
>>>>>>>>
>>>>>>>> Yes, but where did they get that money? Banks were given free
>>>>>>>> money
>>>>>>>> with
>>>>>>>> the intent it would spur business lending. Banks instead opted for
>>>>>>>> the
>>>>>>>> "carry trade" and bought longer term government bonds, and pocketed
>>>>>>>> the
>>>>>>>> yield difference. And then used that to pay back TARP. What a
>>>>>>>> sweat
>>>>>>>> deal!
>>>>>>>
>>>>>>> Once again, do you or does anyone here feel we as a nation would
>>>>>>> have
>>>>>>> been
>>>>>>> better off if they'd gone down?
>>>>>>>
>>>>>>
>>>>>> they should have been nationalized (and then stock sold off so as not
>>>>>> to
>>>>>> remain in government hands) and their officers and directors
>>>>>> forbidden
>>>>>> from
>>>>>> working in the financial world for the rest of their lives.
>>>>>
>>>>> Oh no, nationalized is a VERY bad thing, given they are publicly
>>>>> traded.
>>>>>
>>>>> About how many common and preferred shareholders, pension funds,
>>>>> mutual
>>>>> funds and bondholders do you think you'd like to wipe out?
>>>>>
>>>>> Ever hear of downstream damage?
>>>>
>>>> People invest in a stock and the company goes broke. The investors
>>>> loose.
>>>> Except in this case. Bad move!
>>>
>>> No, good move unless you want to destroy a nation's economy and debt
>>> service capability.
>>>
>>> Do you have any idea how many pension funds would have gone down?
>>>
>>> Do you have any clue what the domino effect would have been?
>>>
>>>> People run a company into the ground, and are out of a job and can't
>>>> get
>>>> hired elsewhere because of their track record. Except in this case.
>>>> Bad
>>>> move!
>>>
>>> More emotional hyperbola.
>>>
>>>> Better to wipe out the investors, as should happen, rather than take
>>>> money
>>>> from taxpayers that had no investment. Ever hear of downstream damage
>>>> due
>>>> to taking people's hard earned money and giving it to someone else?
>>>
>>> I think you have ZERO insight as to how debt and our economy work.
>>>
>>> There are volumes out there on the systemic toxins of CDOs, you would do
>>> well to read up on them.
>>>
>>> As it stands you demonstrate only your own lack of economic background.
>>>
>>
>> no, you assume incorrectly. I understand the systemic toxins of CDOs,
>> but
>> those that took the risk should take the fall.
>
> You just contradicted yourself.
>
> If they're "systemic" we ALL got a bite of the risk, all of us.
>
>> I am not talking about
>> closing down all the banks, just keep them running with new investors,
>> new
>> management, and new policies that make more sense.
>
> That IS what happened in a great many cases.
>
> As for "new investors", how do you go about doing what the free market
> handles by itself?
>
> Just demand all shareholders and bondholders turn in their certificate to
> the government?

yes. that is what happens when a company goes completely bankrupt. Happens
all the time. why make an exception here? Because of connections in high
places. Bad move.