Making it hard to repay TARP money
The Financial Times has this:
Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a move passes a test to determine whether it is in the national economic interest, a senior administration official has told the Financial Times. . . . .
The official, meanwhile, said banks that had plenty of capital and had demonstrated an ability to raise fresh capital from the market should in principle be able to repay government funds. But the judgment would be made in the context of the wider economic interest. He said the government had three basic tests. It needed first to “make sure the system is stable”. Second, to not create “incentives for more deleveraging which would deepen the recession”. Third, to make sure the system had enough capital to “provide credit to support the recovery”. . . . .
Labels: bailout
posted by John Lott at 9:34 PM
1 Comments:
The stress test once again rears it's ugly head.
This is the excuse for nationalization, or should I say government control of our resources.
There are times at which I just want to scream out loud, about the abuses that our government enagages in. Sometimes here, in this, Dr. Lott's blog, Dr. Lott does repeat himself as far as the subject of his posts are concerned. Perhaps it is simply a case of us not responding to what he is presenting to us?
We are subjected to a repeated tirade of the same old stuff, yet we fail to see it for what it is?
Are we, the People, being subjected to some form of control that we cannot see, yet fall subject to? Is the repetition of Dr. Lott our wakeup call?
Perhaps if we are subjected to repetition of propaganda, we find ourselves blind to to it, and in doing so, we ignore it?
The patterns of those whom wish to control us, are there for all to see, provided we simply open our eyes.
So, how many times must one point out the problem to us, before it is too late?
History does not repeat itself, human nature does...
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