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Institutions had to be coerced into letting the government buy their toxic assets through TARP? I would love to see a reference on that.
by haberman 11y ago
Institutions had to be coerced into letting the government buy their toxic assets through TARP? I would love to see a reference on that.
- sokoloff 11y agoClaim by Jamie Dimon that they didn't want TARP funds but were pressured to take it: http://cnsnews.com/news/article/jpmorgan-chase-ceo-bank-took-tarp-because-we-were-asked-treasury-secretary http://cnsnews.com/news/article/jpmorgan-chase-ceo-bank-took...
- haberman 11y agoSo that speaks very highly of JPMorgan, and none of my criticism then applies to them. It's all the banks that were going to fail without TARP that I am criticizing.
- slavik81 11y ago> June 11, 2009 | SINCE the economy hit an iceberg in October, America's biggest banks have felt a bit like shipwreck survivors: required to wear lifebelts provided by the government, despite complaints from some that they could have kept afloat on their own. http://www.economist.com/node/13832261 http://www.economist.com/node/13832261 > April 16, 2009 | THE WORST nightmare of many bankers, natural capitalists, is being under the direct control of the government. So it's no surprise that American banks want to throw off the yoke of government meddling and pay back any accepted TARP money as soon as possible. Predictably, Goldman Sachs is leading the charge. http://www.economist.com/blogs/freeexchange/2009/04/i_dont_want_your_tarp http://www.economist.com/blogs/freeexchange/2009/04/i_dont_w...