First, it was the good news from Wells Fargo…they made $1+ billion in profits and then Goldman-Sach’s comes out with their news of a profit of $1.8 billion. All looks well, eh?
Next, I ask, how much of that profit is the taxpayer’s money that was thrown at them? Now some of these TARP recipients are trying to quickly pay back the TARP cash and get out from under the governments thumb. Why?
Is it a coincidence, that after the hearings on bonuses and the consideration of limiting those bonuses on any companies that get TARP funds have anything to do with this sudden rise of success from these failing companies?
Personally, I do not believe in coincidence in government or economics. These bandits are trying to get from under the government scrutiny and the government is helping them do so….
I’m sure those hearings have made a difference. I wonder if that unnamed bank covered by the WSJ was one of those (I still find that story suspicious).