{"id":192041,"date":"2009-05-19T23:10:00","date_gmt":"2009-05-20T04:10:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/19\/the-big-lies-of-2009\/"},"modified":"2009-05-19T23:10:00","modified_gmt":"2009-05-20T04:10:00","slug":"the-big-lies-of-2009","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/19\/the-big-lies-of-2009\/","title":{"rendered":"The Big Lies of 2009"},"content":{"rendered":"<ul>\n<li> The Check is in the mail.<\/li>\n<li> It&#8217;s not about the money.<\/li>\n<li> This won&#8217;t hurt a bit.<\/li>\n<li> Honey, I won&#8217;t come in your mouth.<\/li>\n<li> I&#8217;ll respect you in the morning.<\/li>\n<li> <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=ape78rKOhGRI&amp;refer=home\">Goldman, JPMorgan, Morgan Stanley will be paying back the TARP Money<br \/><\/a><\/li>\n<\/ul>\n<p>Yes, they are&#8230;.Only, there&#8217;s no mention of repaying the FDIC insured loans, and they <a href=\"http:\/\/www.cnbc.com\/\/id\/30803260\">are trying to weasel out from their obligations in the stock warrants that they issued to the US Government at the time they got the money<\/a>, which could cost taxpayers billions of dollars.<\/p>\n<p>I expect the Treasury to act in a way that benefits the banks at the expense of the taxpayers, since that&#8217;s what Geithner has been doing his whole career.<\/p>\n<p>In any case, it appears that the <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601110&amp;sid=aJwx4Ij0SiVc\">Fed has set a timetable of around June 8 for a response<\/a>, and <a href=\"http:\/\/www.cnbc.com\/\/id\/30826660\">there are restrictions on paying back the money<\/a>, including another &#8220;stress test&#8221; and getting off the FDIC gravy train, because, of course, senior executives think that their own inflated paychecks are more important than the health and well being of their banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Check is in the mail. It&#8217;s not about the money. This won&#8217;t hurt a bit. Honey, I won&#8217;t come in your mouth. I&#8217;ll respect you in the morning. Goldman, JPMorgan, Morgan Stanley will be paying back the TARP Money Yes, they are&#8230;.Only, there&#8217;s no mention of repaying the FDIC insured loans, and they are &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-192041","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192041"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192041"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192041\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}