I got this little nugget from Big Brother The Office of Public Affairs in my inbox just now… U.S. Treasury Department Office of Public Affairs FOR IMMEDIATE RELEASE: December 23, 2009 CONTACT: Treasury Public Affairs (202) 622-2960 TREASURY RECEIVES $45 BILLION IN REPAYMENTS FROM WELLS FARGO AND CITIGROUP TARP Repayments Now Total $164 Billion WASHINGTON…
TARP
Hot Links: Tiger's 99 Problems
from We Love Data Vis Stuff I’m Reading this Morning… The gold correction that began last week seems to be continuing. (MarketBeat) Credit Suisse joins Morgan Stanley in predicting a sucky 2010 for stocks. (PragCap) An epic list of big commercial real estate projects that look to be the “next shoes to drop”. (ZeroHedge) Treasury…
Analysts Weigh in on Bank of America Following TARP Repayment Announcement
Matt Phillips over at WSJ MarketBeat just posted some analyst takeaways from Bank of America’s TARP repayment announcement. Here’s Goldman’s take (they are bullish on BAC): Goldman Sachs: “BAC’s share count is now “set” at around 10 billion shares which should have a positive impact on the market implied discount rate (which we estimate at…
Bank of America: "I Told Ya I Was Good For It"
What a way to make an exit! From DealBook: Bank of America said late Wednesday that it would repay its entire $45 billion in government bailout money before the end of the year…“We appreciate the critical role that the U.S. government played last fall in helping to stabilize financial markets, and we are pleased to…
Correcting the Rest of the "Headline Readers" on Goldman Sachs
There’s a pet name I’ve privately assigned to many of the bloggers out there who are so obsessed with covering every story that they barely read actual articles anymore. It’s “Headline Readers“. You know who they are and so do they, so we’ll leave it at that. Now that the government has just released its…
Enter the Lexicon: "Salarized Stock"
The Pay Czar has spoken. Here are the new rules for TARP-scrounging firms, about a year too late… From MarketWatch: WASHINGTON (MarketWatch) — Kenneth Feinberg, the Treasury Department official in charge of setting compensation for bailed-out companies, said Thursday his primary goal was to get the banks to the taxpayer’s money. “Taxpayers are in deep…
Checking In With The Bail-ettes On TARP's 1st Birthday
A quick look at how shares of the Bail-ettes have performed over the year since they became partially our property problem… Click Image to Embiggen! Check out the source article for the exact amounts, in case they haven’t already been emblazoned into your brain. Source: Heroes and Zeroes of the Fallout (CNNMoney)
Senator Chuck Schumer Opposes the "Trader Tax"
Whether we like it or not, the stock market is important to the average American, maybe moreso than ever in our nation’s history. All Americans are de facto participants and beneficiaries of healthy markets whether directly or indirectly, as investors or corporate employees, and Senator Charles Schumer gets it. I applaud the Senator’s opposition to the…
Cody Drops the "F" Bomb Again…Fascism
[vodpod id=Groupvideo.2751021&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] The above video, from April, is a great example of the ridicule that Democrats are heaping on anyone who disagrees with President Obama’s continuation of the Republican bailout scheme. Both parties are complicit in this unprecedented wealth transfer, but the left only disliked it when it was a Bush/Paulson phenomenon. For the record,…
Dimon, Lewis and Mack Save the Rec Center
[youtube=http://www.youtube.com/watch?v=pspmBbbOHh8] Watching the big banks’ money-raising efforts come to fruition over the last several weeks, one cannot help but think of the happy endings of several 80’s movies that made a deep impression on me in my formative years. Breakin’ 2: Electric Boogaloo comes to mind. Never mind that the film was robbed of an…
