Apr
20
2009
Banks Don’t Need Gov’t Help, Really? - Analyst Blog
Posted by: in Mortgage Loan News, tags: Bac, Bank Of America, Bank Of America Corp, Banks, Blog, Eagerness, Excerpt, Goldman Sachs, Goldman Sachs Group, Goldman Sachs Group Inc, Government Money, Jpm, Jpmorgan Chase, Morgan Stanley, Muscles, News Sources, Sachs Group Inc, Scarlet Letter
News Sources wrote an interesting post today on
Here’s a quick excerpt
Highlights include Goldman Sachs Group, Inc. ( GS ), Bank of America Corp. ( BAC ), JPMorgan Chase & Co., Inc. ( JPM ) and Morgan Stanley ( MS ). Some of the banks flexing their new profit muscles are showing extreme eagerness to repay TARP money “as soon as possible.” The managements’ comments range from “it is our duty to repay TARP,” to TARP being “scarlet letter” or even “destructive.” Many clarify that they did not ask for government money, but were forced by the government to take it
Here’s a quick excerpt
Highlights include Goldman Sachs Group, Inc. ( GS ), Bank of America Corp. ( BAC ), JPMorgan Chase & Co., Inc. ( JPM ) and Morgan Stanley ( MS ). Some of the banks flexing their new profit muscles are showing extreme eagerness to repay TARP money “as soon as possible.” The managements’ comments range from “it is our duty to repay TARP,” to TARP being “scarlet letter” or even “destructive.” Many clarify that they did not ask for government money, but were forced by the government to take it
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