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Old Jun 4, '09, 7:04 am
jaygo jaygo is offline
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Join Date: May 1, 2009
Posts: 33
Religion: Roman Catholic
Default banks and bail out money

Does anyone know of any banks in America that have not accepted the Obama bail out money?
Old Jun 4, '09, 8:14 am
sheila0405 sheila0405 is offline
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Join Date: September 11, 2007
Posts: 213
Religion: Catholic: converted in 2004
Post Re: banks and bail out money

First of all, it's not President Obama's bail out money. The bank bail out, also called TARP, was put together and implemented by former President George W Bush. The so called economic "stimulus" package is President Obama's doing. Secondly, my understanding is that nearly all of the major banks were forced to take the money whether they needed it or not. Some banks have been trying to give the money back but the government won't let them do so.
Tiber Swim Team: Class of 2004
Old Jun 4, '09, 2:27 pm
daeve daeve is offline
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Posts: 1,538
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Default Re: banks and bail out money

I work at one of those major banks, and we were "forced" (maybe a little too strong of a word, but heavily encouraged) to take the TARP. We're already paying it back.
Old Jun 16, '09, 6:54 pm
clarkbmiller clarkbmiller is offline
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Join Date: October 22, 2005
Posts: 30
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Default Re: banks and bail out money

My bank, USAA, just sent me an email a couple weeks ago:

It has been a tough time for the financial services industry, but USAA was profitable in 2008 and continues to be in 2009. We did not take a cent of government bailout money.
I was glad to hear it! Though I'm not so sure if I could have blamed them if I did, when I got my stimulus check I didn't exactly return it to the government either.
God whispers to us in our pleasures, speaks to us in our conscience, but shouts in our pains: It is his megaphone to rouse a deaf world.
-C.S. Lewis

Yeah, I have a blog too.

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