 |
         
|
Tuesday is slated as the day for Treasury Secretary Timothy Geithner to roll out his plan for spending the second $350bn tranche of the TARP bailout of the financial system. While CNBC's Steve Liesman filed a brief teaser on NBC, more attention was paid to the recipients of capital under the first TARP. NBC's Lisa Myers zeroed in on Morgan Stanley, Wells Fargo and FreddieMac as sponsors of the Annual Securitization Forum, a luxury conference of 4,000 financiers at Las Vegas' five star Venetian Hotel. The sponsors stand accused of accepting federal funds with one hand and subsidizing junkets with the other. NBC's Myers was fair: "In fact the dollar amounts are relatively small, $32.5K to be a sponsor" and FreddieMac had tried to withdraw after it was nationalized "but could not get a full refund so negotiated a lesser fee."
Sharyl Attkisson for CBS' Follow the Money feature made a more telling case against Wells Fargo. Its executives have promised that its $12.7bn buyout of Wachovia Bank was achieved entirely without federal help, using only its own capital. So what, wondered Attkisson, did Wells Fargo's press release mean when it mentioned "money raised by issuing stock and the capital investment from the government." Within six days, Attkisson reminded us, Wells Fargo flip-flopped from expressing no interest in Wachovia to closing the deal. "What changed so drastically?" The Internal Revenue Service revised its tax rules to give Wells Fargo a $25bn subsidy for a buying spree and Congress passed TARP. "That would provide $25bn in direct funds to Wells Fargo."
cheap accutane online >:-(( order accutane online fxboug
health insurance quotes :) auto insurance quotes 157235 health insurance quotes ccfqp
personal health insurance %-DDD buy propecia fmlcpw ultram 710795
health insurance plans 2760 private health insurance >:((( home owners insurance in florida 509110 home insurance florida 7906
ghi health insurance :) auto insurance quote 012915 accutane 8]]] home insurance rates 8D
auto insurance nhehn health insurance plans >:DD cheap health insurance plans sygoma life and health insurance fyogc
new york car insurance otxw auto insurance quotes =-P cheap auto insurance online 8-[[
insurance auto auctions 32178 new york health insurance 771066 home insurance inyiv cheap car insurance 8[[[
accutane online %-D cheap health insurance paro health insurance quotes 45323
auto insurance quotes scohat auto insurance dlp car insurance rates =-DD
auto insurance quotes ogfe online car insurance aufs life insurance comparison 216
car insurance ejjc auto insurance quotes :-] auto insurance 341801 prednisone 2608
cheapest car insurance %) auto insurance quotes 0641 cheapest auto insurance 8PPP
car insurance 533 car insurance :PPP carinsurance 394 low cost life insurance 881
car insurance :-] auto insurance quotes 8445 auto insurance dwxj cheap auto insurance 8-OO
levitra 8-] prescription online consultation propecia lnoum credit cards jryf
auto insurance 62306 life insurance 571 auto insurance chj auto insurance 8488
You must be logged in to this website to leave a comment. Please click here to log in so you can participate in the discussion.
