All of which is to say that these banks repaid cash owed to a program run by the Treasury Department by. . . .borrowing from another program run by the Treasury Department.
One Hand Doesn't Know What The Other Hand Is Doing
One Hand Doesn't Know What The Other Hand Is Doing
Generally, banks that repaid CPP funds did so with cash raised from earnings, or by raising new outside capital. In finance and banking you always have to read the fine print. And if you go back to the report, you’ll notice that the fine print accompanying the entries for each of the above exits makes reference either to Footnote 49 and Footnote 50. Footnote 49 reads: “Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009 using proceeds received in connection with the institution’s participation in the Small Business Lending Fund.” Footnote 50 reads: “Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009 — part of the repayment amount obtained from proceeds received in connection with the institution’s participation in the Small Business Lending Fund.”
All of which is to say that these banks repaid cash owed to a program run by the Treasury Department by. . . .borrowing from another program run by the Treasury Department.
http://finance.yahoo.com/blogs/daniel-g ... 58852.htmlAll of which is to say that these banks repaid cash owed to a program run by the Treasury Department by. . . .borrowing from another program run by the Treasury Department.
Re: One Hand Doesn't Know What The Other Hand Is Doing
Totem pole makers also benefitted from the TARP.
"If you don't think to good, don't think too much." Yogi
Re: One Hand Doesn't Know What The Other Hand Is Doing
They supplied us with trees.lkwalker wrote:Totem pole makers also benefitted from the TARP.
Re: One Hand Doesn't Know What The Other Hand Is Doing
As a matter of fact the Zipulator manufacturers bought their vacuum toobs from the Bank of Kyrgistan which was propped up by loans from Goldman Sachs and the queen of Norway.
"If you don't think to good, don't think too much." Yogi
Re: One Hand Doesn't Know What The Other Hand Is Doing
'Tis a tangled web we weave.
"If you don't think to good, don't think too much." Yogi
Re: One Hand Doesn't Know What The Other Hand Is Doing
I will gladly pay this old loan Tuesday with money from a new loan you make to me today.
Re: One Hand Doesn't Know What The Other Hand Is Doing
Wimpy wasn't just into burgers.Pigeon wrote:I will gladly pay this old loan Tuesday with money from a new loan you make to me today.
Today feels like a Friday. A very hot Friday.
Re: One Hand Doesn't Know What The Other Hand Is Doing
You're a freedom fry.
"If you don't think to good, don't think too much." Yogi
Re: One Hand Doesn't Know What The Other Hand Is Doing
They hate me for it.lkwalker wrote:You're a freedom fry.