• #4641
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    By: Maddog_Delphi97 This person is cool! x Show Full Post
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    Good news:
    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTZUMZmoc414

    JPMorgan Chase looks to be the next to repay TARP funds.

    Bad news:
    This could delay transitioning to a currency based on Balls of Steel. Darn.
    Apr 16, 2009 3:55pm PDT
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    Good news: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTZUMZmoc414 JPMorgan Chase looks t... : Maddog_Delphi97This person is cool!

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      I've not seen anywhere explain yet how these banks have suddenly gone from posting massive losses back to... : peanut-This person is cool!
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        I'm going to go with "change in accounting rules just fluffing the numbers" without researching anything.... : Maddog_Delphi97This person is cool!
        • ^^^ mark to market suspended. all of a sudden those toxic assets are just fine compared to their real ass... : epitThis person is cool!
      • from how i understood it, we've yet to see the writeoffs for all the bad debt : Maarten GoldsteinThis person is cool!
      • The massive money we "loaned" to AIG went to them, they bought the "insurance". : yakzThis person is cool!
      • Probably because they may not have been doing bad and went crying to government for free money, turns out... : stgdzThis person is cool!
      • When the government gives you a large bank for free, its pretty easy to turn your bad business back into ... : bashildy@speakeasy.netThis person is cool!
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      Anyone care to explain why selling credit default swaps without assets to back them was allowed? : yakzThis person is cool!
      • It wasn't that there weren't assets. There were assets appropriate to cover the believed level of risk i... : ArcanumThis person is cool!
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      <3 John Stewart and Elizabeth Warren http://www.calculatedriskblog.com/2009/04/tarp-cop-elizabeth-warren-... : epitThis person is cool!
      • yep I was hoping everyone saw that : LuminairThis person is cool!
    • Govt buys all your bad assets and suddenly you're solvent again. : loboca
    • im all for that currency http://www.stupidvideos.com/video/just_plain_stupid/Duke_Nukem_Balls_Of_Steel... : Geoff Jr.