Were bank stress tests tough enough? Experts weigh in
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#1 Jun 11, 2009
Who is kidding who? The primary motivation for the banks paying the Tarp money back is so that their management and CEO's can give themselves larger salaries and bonuses. Shareholders lack the ability to function as a cohesive and effective unit to rein in the extravagant salaries and perks that upper management and Bank Boards of Directors award themselves. Let's call it like it is, Sherlock.
#2 Jun 11, 2009
The primary motivation for returning the funds is that the idiot in chief and his tax cheat deputy have no clue about what they are doing. The uncertainty surrounding a community activist strong arming banks to make questionable loans (Hartmarx) accept bankruptcy terms that breach their fiduciary responsibility (Chrysler and GM) even making hiring and firing decisions (AIG, Citi, BofA).
If you as a shareholder don't like how your company is being managed, move your money someplace else. Otherwise offer to do the same job for a lot less money. We don't need a facist like Obama setting salaries.
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