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David Heintzman (SY Bankcorp) turned down TARP money

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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-08-09 06:00 PM
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David Heintzman (SY Bankcorp) turned down TARP money
He's CEO of SY Bankcorp..

He was just interviewd on Bloomberg News, and the reason he gave? one of them?

He said "it's like renting a building and finding out that the landlord would be able to raise the rent or change the terms of the lease at any time"..

Totally LOST on him, is the fact that bankns have been doing JUST THAT for a long time, to their credit card holders..

At least that's ONE bank that decided that maybe they were not as "broke" as they thought the were :rofl:
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