Nemo

Yep ...

The US is still subsidizing their debt with guarantees ...

This so FdUp

This will separate the strong banks from the weak.

Hardly. This will more likely delineate those that got the most government support via the AIG bailout or other fed programs.

Health Care Reform : In the Shitter !

Reich:

"On the campaign trail, Barack Obama pushed a compromise -- a universal health plan that would include a "public insurance option" resembling Medicare, which individual members of the public and their families could choose if they wished. This Medicare-like option would at least be able to negotiate low rates and impose some discipline on private insurers.

But now the Medicare-like option is being taken off the table. Insurance and drug companies have thrown their weight around the Senate. And, sadly, the White House -- eager to get a bill enacted in 2009 rather than risk it during the mid-term election year of 2010 -- is signaling it's open to other approaches. ..."

So unchristian of you Dawg.

Has Bloomberg or anybody admitted their pe ratio is wrong under Otis' prodding?

"I got jumped for "Oriental" a long time ago, may have colonial overtones"

.....terms change frequently. I just use the word "Ornamental"......many don't realize I am a verbal cripple when it comes to N's & M's.

I'm still waiting for GS to pay back the the $12 billion they received from AIG (backdoor baliout).

Oh and as others have mentioned, it was rather nice how the gov required the banks to sell non-FDIC backed debt as a precondition, but then went ahead and said there was no need to retire the huge amount of FDIC backed (senior) debt.

Sorry, the FDIC backing of the senior debt of these 'TARP' exiting banks actually creates a false division between the 'strong' and the 'weak.'

If the banks had to retire their FDIC debt (or do away with that backing) you would not see this vast divide between these banks - I would call this an uninteded consequence, except that I suspect it is fully intended.

Worst economy since the Great Depression, saved in under 2 years. Was it really that bad, or has it really been fixed?

What company is the most crooked that I could invest my money in and make a good return? Is there any insider funds available to the plebes?

What company is the most crooked that I could invest my money in...

Let me tell you about the Madoff Investment Trust....

that the obama administration has the gifted experience of goldman sachs to fall upon, it speaks volumes of generous humility that GS are paying back willfully, its courageous. they really want to do the right thing for the american people. you just have to trust in obama as the man in charge of change.

GS is simply trying to reestablish the proper relationship with DC; you know, the one where they're in charge.

I believe no company should be able to exit the TARP program until the administration has legislation and regulatory mechanism in place to deal with the failure of a Too Big To Fail institution. Once that happens:

• any institution should be able to pay off TARP as long as they forgo access to ALL other Fed programs including TALF, Fed guarantees of their money market funds, and too many other programs to mention and
• once out of the TARP program if that institution fails due to future market corrections then that institution agrees to be seized and resolved by the government.

No more free lunch.

Second your comments. SNAFU

The FDIC-backed debt issued by the banks is due in 2011. FDIC is off the hook once the banks roll over to non-FDIC backed debt. The weaker banks will have a harder time rolling over the debt without the TARP money to shore up their capital. Hence.. It does separate the strong banks from the weak...