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It's so cute when the banks say they can't specifically account for the TARP funds

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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-02-09 07:58 PM
Original message
It's so cute when the banks say they can't specifically account for the TARP funds
And they are BANKs?!!! How sweet is that? That extra accounting would just make their itty bitty heads swim.

So next time, let's make them set up special TARP accounts and we can see where each and every disbursement goes. Gee, you think bankers, and lawyers and Congress Critters would have already thought of that.

It's like they NEVER heard the phrase "co-mingle" RED ALERT RED ALERT HIGHLY ILLEGAL
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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-02-09 08:02 PM
Response to Original message
1. Yet they bounce one of my checks when I am .01 short
:eyes:
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-02-09 08:12 PM
Response to Reply #1
3. "That one is leaving the yard!"
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-02-09 08:04 PM
Response to Original message
2. 'Course they can. They just won't.
They need to be made to account for every penny or give it back.
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Fireweed247 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-02-09 08:15 PM
Response to Reply #2
5. give it back.
yes, we must demand this! Enough of the bullshit.
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-02-09 08:13 PM
Response to Original message
4. Sometimes, all those numbers must confuse them
Sure, they can deal with easy things like foreclosures and overdrafts, but this "government paperwork" is TOO MUCH.
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4lbs Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-02-09 08:17 PM
Response to Original message
6. President Obama and US Treasury Secretary Geitner should say that
Edited on Mon Feb-02-09 08:18 PM by 4lbs
since the banks don't have the ability to account for what they did with all the TARP money they got, each one will get "help" from about a dozen IRS, SEC, and Treasury agents.

:D
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-02-09 08:20 PM
Response to Original message
7. If you rememeber, it was written in the TARP law that there would be NO oversight
and further written than NO govberning body had the power to be involved in the TARP distribution.

And even the Dems voted for it !!!!!!!!!!!!!!!!!!!!
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-03-09 11:08 PM
Response to Reply #7
8. Stampeded. Just like Iraq. Just like the PATRIOT act. nt
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-03-09 11:11 PM
Response to Original message
9. Banker Barbie says . . .
Math is hard.
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Telly Savalas Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-03-09 11:15 PM
Response to Original message
10. Say you have $10 in your bank account. I give you another $10 which you deposit
into the account.

You write a check for $5 to buy lunch. Does the $5 come from the money I gave you or the money that was already in your account?
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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-03-09 11:22 PM
Response to Reply #10
11. Well, if I was sharing the account with my sister -in-law
Edited on Tue Feb-03-09 11:23 PM by Phoebe Loosinhouse
and I wanted to keep fair and square records with her ( she put in 5 and I put in 5 to open the account)

I would pay for lunch and in the memo section I would write "Lunch - P.Loosinhouse from T Savalas 10.00 deposit"

I think my sister-in-law and I would be able to figure it out AND T Savalas would know that $5 out of his $10 went for lunch.


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InkAddict Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-03-09 11:24 PM
Response to Reply #10
12. Either way, the bank bought your lunch and you leave the tip n/t
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renate Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-04-09 12:40 AM
Response to Original message
13. dang. too late for me to R
But I can K.

:kick:
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-04-09 12:49 AM
Response to Original message
14. once it goes into those off-shore accounts they pretend it's vanished
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