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Goldman and Morgan Stanley want to give the money back?

Charles DeanCharles Dean
edited February 2009 in The Economy
Just read this:

http://www.nytimes.com/2009/02/11/busin ... xprod=digg

Guess now that they're going to have to follow some rules, lower their salaries and tell us what they're spending our money on, they're not so keen on taking our money. Guess they didn't really need the money that bad?

Comments

  • perfectfireperfectfire
    Why is this news? Wasn't our investment in them supposed to be wildly profitable anyway? This seems to say, "While we were claiming the taxpayer would get their money back and them some, we actually were hoping to just keep it all, but now...".
  • The_TimThe_Tim
    Wall Street banks have taken billions of taxpayer dollars. Now some of them are starting to wonder if they should give the money back.
    ...
    Paying back all those funds would be difficult in this tough economic environment. But banking executives worry that the government may intrude further into their businesses as long as they are beholden to Washington.
    Sounds like maybe the poor downtrodden bank executives should have taken heed of some wisdom from King Solomon...

    Proverbs 22:7 - The rich rules over the poor, and the borrower becomes the lender's slave.
  • Charles DeanCharles Dean
    perfectfire wrote:
    Why is this news? Wasn't our investment in them supposed to be wildly profitable anyway? This seems to say, "While we were claiming the taxpayer would get their money back and them some, we actually were hoping to just keep it all, but now...".

    It's news because they're essentially just giving money back that they said they needed in order to survive. Now it's pretty obvious that they were really just interested in a corporate welfare handout.
  • SeattleMooseSeattleMoose
    When King Henry was trying to ram TARP down the throat of America it was a dire emergency, just sign it now, or we'll all be dead tomorrow.

    If you remember:
    1) He wanted no oversight on how the money got spent
    2) He wanted to be free from all legal action down the road
    3) In essence, he wanted complete control of the money with no absolutely zero accountability. And that is what he got for the first half of the $700B.

    If it is not obvious that our financial system is rotten to the core then there is no hope for this country.

    Unless something drastically changes, what we are going to get is more bailouts of the caviar and south of France crowd and "overhaul" of the banking/financial system by the very same crooks who are themselves are the root of the problem.

    Let's all sing the national anthem.....Oh beautiful for spacious minds and ever-lasting greed......
  • perfectfireperfectfire
    Charles Dean wrote:
    It's news because they're essentially just giving money back that they said they needed in order to survive. Now it's pretty obvious that they were really just interested in a corporate welfare handout.
    Newsflash: Wall Street and Congress Lied to Us. Nope, still not news to me.
  • Charles DeanCharles Dean
    perfectfire wrote:
    Charles Dean wrote:
    It's news because they're essentially just giving money back that they said they needed in order to survive. Now it's pretty obvious that they were really just interested in a corporate welfare handout.
    Newsflash: Wall Street and Congress Lied to Us. Nope, still not news to me.
    Touche.
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