Quote:
Originally Posted by RIJIMMY
the bailout Money was used to increase cash in the lending environment, not pay salaries.
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I don't know if that's really the case. My understanding is that much of the initial bailout (TARP) money was given pretty much without restriction as to how it was to be used.
This is a slippery slope similar to the argument that a saltwater fishing license shouldn't go into the State's General Fund.
While there are companies who have not taken government money giving out legitimate bonusus, there also do appear to be many who could be using tax dollars for them. Considering that the tax money is there to help the entire
industry, even if you didn't take government money one would think there should be a more conservative position taken by the entire sector.
This is
different money than the hundreds of billions the Fed has been quietly injecting into the markets to keep rates down.
-spence