http://www.footnoted.org/market-meltdown/tarp-arra-and-limits-on-pay/ Michelle Leder's guide to what's hiding in SEC filings Fri, 12 Mar 2010 12:46:23 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.footnoted.org/market-meltdown/tarp-arra-and-limits-on-pay/comment-page-1/#comment-7586 Scott Tue, 24 Feb 2009 18:29:12 +0000 http://www.footnoted.org/?p=3388#comment-7586 Well Michelle, that's a dumb question. What bank, no matter how well capitalized, will turn down a significant amount of money like that? Plus there are plenty of thrifts, credit unions, and other banks in South Carolina that have received money to shore up their own balance sheets. If we accept that assumption, then any other bank, regardless of their own financial viability will want their own "free money" so they don't become uncompetitive or have to worry about their own ratios. Well Michelle, that’s a dumb question. What bank, no matter how well capitalized, will turn down a significant amount of money like that? Plus there are plenty of thrifts, credit unions, and other banks in South Carolina that have received money to shore up their own balance sheets. If we accept that assumption, then any other bank, regardless of their own financial viability will want their own “free money” so they don’t become uncompetitive or have to worry about their own ratios.

]]>