Comments on: No Such Thing As Free (TARP) Money *

By: Weekly Links: May 24, 2009 | Dividends Value

Weekly Links: May 24, 2009 | Dividends Value — Sun, 24 May 2009 10:35:06 +0000

[...] Carnival of Wealth, Money & Life published: No Such Thing As Free (TARP) Money [...]

By: Money Hacks Carnival - Otter Pop Editio | StretchyDollar

Money Hacks Carnival - Otter Pop Editio | StretchyDollar — Wed, 20 May 2009 14:49:31 +0000

[...] presents No Such Thing As Free (TARP) Money posted at Dividends [...]

By: Joseph Oppenheim

Joseph Oppenheim — Sat, 16 May 2009 15:18:34 +0000

Regarding “Meltdown”, I could only take a few minutes of Woods talking about the book, a few minutes ago on BookTV. His gibberish about how unfettered free market capitalism is so great was enough to know he was off kilter. Sorry, I think Ron Paul, etc and their channeling of dead Austrian economists is right out of cuckooland.

By: Marty from North Dakota

Marty from North Dakota — Fri, 15 May 2009 04:21:45 +0000

If you’ve had a chance to read part or all of “Meltdown” by Tom Woods, you’ll better understand how our economic troubles came to be plus you’ll have a chance to see a way out. As of a few days ago, every single person including babies owe more than $90,000. So us how easy it is: pay up!

By: Jseph Oppenheim

Jseph Oppenheim — Thu, 14 May 2009 16:33:31 +0000

I eliminated financial companies from the mix of stocks I own, many years ago, probably back with the S&L mess back in the late 80s, early 90s. I just don’t trust them, especially when their business model only involves moving around money, and borrowed money at that, plus with the Enron mess, Citicorp and accountants were part of the fraud.

One thing I always wondered about Buffett, was that he invested in so many financial companies. He would always say he only invested in businesses he understood, but even he got tricked by these companies during this mess. Sure, banking and insurance are ways to get rich, but as I see it, it really is a massive Ponzi scheme, camoflaged by doing some helpful moving around money. I only trust them with FDIC insured CDs, with the government protecting the little guy. Otherwise, I see their stocks as pure speculation.

By: Chris

Chris — Wed, 13 May 2009 18:52:14 +0000

I am not sure I buy the argument that they don’t want TARP money because of government interference in their business. It seems like executives are concerned more about their personal compensation than what is best for the company. I would think the most destructive part of TARP is the negative publicity portrayed to customers and damaging the banks brand, but it is shocking that most banks do not point out these concerns.

By: greg

greg — Wed, 13 May 2009 15:53:00 +0000

Why take the money in the first place, if they plan on cutting the dividend and selling more stock, to pay it back; fast. Why didn’t they do that in the first place?
Because they did think they were getting free money. That they thought would slide between the cracks. And the ceo/board members could stuff in their pockets.