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Wells Fargo May Need Capital – WSJ.com An initial U.S. stress test identified Wells Fargo & Co. as among the banks needing a buffer against future losses, said a person close to the company. But it was unclear Monday whether Wells would be forced to raise fresh capital or if regulators would accept its argument [...] A-train railing against free-market realities. Okay, so it’s not truly a free market, but there are limits to what banks receiving funds under TARP can do; limits designed to protect the American taxpayer as a senior investor (the investments are in preferred securities after all), whilst not placing excessive limits on free-market flexibility for the [...] Buffett Right, U.S. Bank Plan May Cost Nothing Sept. 25 (Bloomberg) — President George W. Bush, billionaire Warren Buffett and BlackRock Inc.’s Laurence Fink are “absolutely” right to say a $700 billion U.S. plan to buy assets from financial firms may cost taxpayers nothing even with purchases at above-market prices, a top-rated analyst said. [...] Sec 8. Minimization of Long-Term Costs and Maximization of Benefits for Taxpayers. (a) Long-Term Costs and Benefits.–The Secretary shall use the authority under this Act in a manner that will minimize any potential long-term negative impact on the taxpayer, taking into account the direct outlays, potential long-term returns on assets purchased, and the overall economic [...] SUICIDAL TENDENCIES – INSTITUTIONALIZED Sometimes I try to do things, and it just doesn’t work out the way I want it to, and I get real frustrated, and like, I try hard to do it, and I like, take my time, but it just doesn’t work out the way I want it to, it’s [...] |
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