The Troubled Asset Relief Program (TARP) ended when the Treasury sold its remaining shares of Ally Financial (the last remaining major bank.) The bailout program was originally $426 billion. The Treasury Department reports, “Treasury invested approximately $245 billion across five distinct bank programs. Each of these programs was established to accomplish different goals as part […]
Tag Archives: banks
U.S. Ends Bailout Program with $15.3 Billion Profit
Posted in Business, Finance, Government
Also tagged bailout, profit, TARP, taxpayers, too big to fail, Troubled Asset Relief Program, US
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Good News: FaceBook IPO Flops
The initial puplic offering of FaceBook flopped on the NASDAQ. This is good news. It is rumored that the sinister bad bank Morgan Stanley had to eat it. When the offering price failed, the bad bankers had to come in and prop up the price. As it turns out, Mark Zuckerberg may be one of […]
Posted in Uncategorized
Also tagged bad business, corporations, FaceBookc, IPO, law suitss, Mark Zuckerberg, Mogan Stanley, privacy, responsible, Security, shame, shareholders
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Will the New Owners of FaceBook Be Responsible?
PHILADELPHIA, PA: The word on the street is FaceBook may be going public (in an IPO) as soon as this coming week. Will the new owners of FaceBook, those people who buy shares, be responsible for my privacy and security? Is it possible for individual shareholders to be accountable for what their company does? At […]
Posted in Business, children, freedom, International, liberty, Media, Security
Also tagged avarice, corporations, FaceBookc, freedom, freedom of speech, IPO, Law, law suitss, privacy, responsible, save our souls, Security, shareholders, SOS
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