Big Banks Are Repaying $50 Billion. Is The financial Boom Just Ahead? »
Posted By WikiMap 4 months, 4 weeks ago in NewsThis is good news for the taxpayer as well as the economy. It suggests that banks are healing. Geitner said that the Treasury may need to use the money to support other firms, and especially smaller banks that may not be fairing well.
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Klarissa4 months, 4 weeks ago
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There were several banks who did not want the money because they did not need it, however they were forced to take it.
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They were told that if all the banks didn't take the money it would be obvious which banks were in trouble.
So are these the banks that didn't need the money in the first place? -
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TheRealizer4 months, 4 weeks ago
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We survived the financial crisis after WW2 because we had an industrial-manufacturing base in place. We were at that point in time an exporting nation.
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Now we export only wealth and import poverty, We are a nation with NO visible means of support!-
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Joer4x44 months, 3 weeks ago
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When government stopped spending in 1945 the private sector took off - that ended the depression.
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http://begginmutt.spaces.live.com/
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kamruddin4 months, 3 weeks ago
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This is good news for the taxpayer as well as the economy. It suggests that banks are healing. Geitner said that the Treasury may need to use the money to support other firms, and especially smaller banks that may not be fairing well.
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Bopi3654 months, 3 weeks ago
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Seems Klarissa would like to imply that the bailout package isn't really working as only the already solvent banks are paying back tarp funds. However apparently the surge is working.
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With regard to a manufacturing base, The employees of Wall-mart cannot continue to shop at Target and vice-versa and sustain any real economy.
Simply "managing money" as a means of generating wealth is accomplished thru inflation thus raising prices for all of us. We are financing their lifestyle.
Ed Beckley would be proud -
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Joer4x44 months, 3 weeks ago
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They know as far back as 2002 that the banks were unstable. Some banks are ok and have been but the markets will slowly drop over the summer.
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Business is unable to acquire the money it used to. Lending has slow on both ends of the spectrum. banks are not handing out like they used to and many business are staying pat unwilling to expand.
Could it be all the government debt that will have to be repaid via taxes?
http://begginmutt.spaces.live.com/ -
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calitennflo4 months, 3 weeks ago
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50000000000/300000000=? the stimulus payments are from the benefit of taxes, that caused economic conditions we as citizens were forced to experience and endure...why are they not returned to us, but cause us to work even more than required...why is it so necessary to work untill you drop dead! Why do they see work as they see interest drawn on money?
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After all...if 100 percent of the work is done, plus ten percent more each day...look how the picture looks ten days away? -
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