Banks and TARP, plus FDIC on Toxic Loans

March 28th, 2009 · No Comments

Bill-Coppedge-30sep08

Banks and TARP:

felix-salmon   portfolio

Should Healthy Banks Give Back Their TARP Funds? by Felix Salmon  – … Rick Newman, for one, thinks so. But even he is alive to the downside, as explained by Andrew Ross Sorkin: – … If Goldman succeeds in returning our money, it could put pressure on other banks to give their money back, too, lest they appear weak… … – Portfolio.com

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wsj

What’s Left of TARP? Treasury Stays Mum – MAYA JACKSON RANDALL and MICHAEL R. CRITTENDEN – … Based on Dow Jones Newswires’ reporting and calculations, it appears that Treasury has, at most, $52.6 billion left in its rescue fund. That would mean about 92% is already committed.  … – Wall Street Journal

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hw1

Housingwire says B of A wants to repay TARP,    yet

Moody’s downgrades them -  saying they need more gov’t money.   Go figure.

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FDIC:

FDIC-smalllogo

FDIC Seeks Comment on the Recently Announced Legacy Loans Program – FDIC.gov 

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CNNMoney_LOGO2_0

Taxing times for the FDIC – The toxic-asset plan hands new duties to an agency that, thanks to soaring bank failures, already has its hands full.  – By Colin Barr – CNNMoney.com




Tags: Mortgage Market

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