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I would've said "LET US BURN"

The bank I work for got some of that gov't money last week. It ain't free, guys. You get a return on your investment.

The expectation is successful, well capitalized banks will deploy it in the community or be coerced into acquisition of a "distressed" institution so the Feds don't have to clean up a mess. Picture the U.S. Post Office cleaning up the WaMu deal. Yikes! Talk about a plane crash on a train wreck....

Unless you're retired and have all your cash in a mayonnaise jar buried in the back yard, you better hope banks start lending again...and soon.

I got a $12k personal loan on the phone yesterday in under 10 min. and got the check today. It was pretty easy.

Quote:

Originally Posted by SteveinTO (Post 4276197)

...The expectation is successful, well capitalized banks will deploy it in the community or be coerced into acquisition of a "distressed" institution so the Feds don't have to clean up a mess....

IMO, the Feds had no business attempting to clean up this mess that the mega-banks and Wallstreet made in the first place...in fact, it's just a "shell game" deferring the pain imo. The money has already been pouring into the healthy banks (as DTW stated earlier) from the sinking ships, and if "they" haven't been lending (but most have been), it certainly wasn't due to a lack of capital. I just don't buy into the logic of the "expectation". Will things turn around eventually...sure, they always do after a "reality check". Glad you got your loan Rick, that'll make it easier on your sale...good luck!

ps: Anyone that attempts to takeover and "fix" the WAMU/Wachovias (for examples) is in for a long hard ride...