Conservative Economic Commentary

Dodd-Frank makes consumer credit more expensive. Time to cut-up your credit card? #tcot #fb http://bit.ly/cAmjOT >>
M. Malkin: O's Summer of Recovery is looking like the Beltway Chainsaw Massacre of Jobs. http://capital-flow-watch.net/q8i #tcot >>
@geeopee Yes. But the Czars are so busy and the laws so inscrutable that it's very difficult to keep track. Devastation is catastrophic. >>
@mom2giqm Why not? Exploitation is the name of the game. >>
@Drain_The_Swamp Yes, except he delegates everything to his Czars so he can play scrabble with Valerie Jarrett (who lets him win) >>

Subject: BB&T

BB&T Corporation (NYSE: BBT) is an American bank with assets of $165.3 billion (June 2009), offering full-service commercial and retail banking services along with other financial services like insurance, investments, retail brokerage, mortgage, corporate finance, consumer finance, payment services, international banking, leasing and trust. Based in Winston-Salem, North Carolina, BB&T operates more than 1,850 financial centers in the United States of North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana, Texas, Nevada, and in Washington, D.C.. The “BB&T” acronym stands for “Branch Banking and Trust.”
It is also notable for certain ideological stances taken by its management, and for its financial support of academic programs concerning “libertarianism” and the “moral foundations” of capitalism. .” (Wikipedia Jan 2010)

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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