Wednesday, June 17, 2009
Tell Additional Ridiculous Propaganda
TARP finaly got paid back today, by all those banks that didn't need it in the first place. Or at least now that the market has rebounded 40%, and they plowed that $70 billion in at 10-1 and pulled back the funds. Where's the other $500 some odd billion, well I guess we gotta get the market to rally another 20% or so before we see a cent of that. Will BAC, WFC, and C fail if the real estate market doesn't bottom yesterday. Only time will tell. if this is any sign (http://www.bubbleinfo.com/) residential still has a ways to go, and CMBS delinquincies hit all time highs today, so.........
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