Banks In Violation received Bailout Funds!

[dankai]

Here's a good one!
Banks that are in violation of the BANKING LAWS

Interesting read because you can see where TAXPAYERS are losing on their investment... TAX REVOLT here we come!

http://emac.blogs.foxbusiness.com/2008/12/17/the-tarp-sinkhole/

[and justice for all]

Shouldn’t this be going in the NEWS section? (Just a thought...)

Good article by the way, infuriating but not surprising;



...Many banks are getting bailout money when they should not qualify for the funds at all. Especially banks that willy nilly chucked loan money at all sorts of commercial real estate projects now mothballed and moth-eaten, vacant lots that, if lined up end to end, would stretch from here to Jupiter.

In fact, of the 202 banks that have been approved for capital injections from the government’s $700 bn Troubled Asset Relief Program [TARP], a full 142 are in violation of federal bank risk regulations [...]

http://emac.blogs.foxbusiness.com/2008/12/17/the-tarp-sinkhole/

:mad:

[dankai]

Shouldn’t this be going in the NEWS section? (Just a thought...)

Good article by the way, infuriating but not surprising;



:mad:
You're most likely right.
I was looking around in the forums to find the best place for this thread and should have chosen the News section. eh! Que Sera.

[and justice for all]

You're most likely right.
I was looking around in the forums to find the best place for this thread and should have chosen the News section. eh! Que Sera.

No worries... it’ll get moved soon enough, I guess... :o