2009 May 08 | Capital Flow Watch

When I was young, I worked for years in 3rd world countries, so I'm ready for the New America that Obama is creating. #tcot >>
Inflation is a sure way for gov't to repay trillions in debt. It's also a sure way to destroy the dollar & gain 3rd world status. #tcot >>
Two years ago, it seemed extreme to call Obama a socialist. Now, its just a polite way of saying Marxist. #tcot >>
Coming soon: The great sucking sound of capital leaving the US, fleeing the mad, Marxist in the WH. #tcot >>
Progressives now promoting inflation to boost economy http://capital-flow-watch.net/e8k Yeah, that worked well for Mugabe. #tcot >>

Good and bad banks

Bank stress tests: aftermath and consequences

By John Schroy, on May 8th, 2009 |

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In May 2009, the Obama administration divided some of America’s largest banks into ‘good banks’ and ‘bad banks’.

This broke a long-standing practice of protecting the reputation of the US banking system. The Obama government seized TARP funds as an instrument of political power.

Banks, large and small, are now eager to escape the trap of taking TARP funds, which will require them to raise $74.6 billion, either by selling equities on the market, or from profits.

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