SOUNDS LIKE VERUKA SALT

So now the banks who took TARP money are saying too many restrictions on bonus', we don't want it. They say they can go to private institutions and fare well without government interference. I say go to it!!!

These banks took this money, and are keeping rates for many people at oppressing levels. They have not lent much of it out to the people who are supposed to be the backbone of the country. This is something I have felt for years. The huge banks basically only care about your well being if you come complete with a five or six figure account. So let them get their money wherever they want to take it from. Let them continue the practices that have led them to the only rainbow without a pot of gold. If they are doing that well, then they should have no problems giving back the money, but what if it's not that easy? What if this is another deception? They say they are flying high, but they are actually dead and bloated.

It seems as though the government has not yet set up a place where the banks can return their monies, be it a no thank you return, or payouts for the loans they took from the government. That seems to be the claim. Banks are saying they have been caught in a web where they can't return the money if they no longer need it, because treasury doesn't know what to do with it.I don't think the government was thinking they would return the money this soon. I am under the impression the government was under the impression everyone read the fine print first. That's what you get when you trust a bank. I say, if your so eager to give it back, why did you take it in the first place? Maybe to make your balance sheets look better then they are.We all know now that just because it's on paper, doesn't always make it true. Citibank is still floundering, Morgan Stanley is not yet out of the woods, Chase is recording losses. You made a choice, for whatever reason. Live with the results of that action, or don't. Please whatever you do though, stop whining about it.

The biggest complaint about the TARP funding are the strings attached to it. No more mega bonus' while you are in possession of  TARP. The concern the fat cats say, is that they are losing great officers to competitors who didn't take/need a bailout so they can offer massive compensations i.e., overseas banks, smaller regional banks, and the like. That sounds about right. The good officers should go to the banks who didn't trip up the public for years. They should go where the air is clean. Why should negligent  practices be rewarded with talent and undeserved bonus'?

Frankly, I see the whole thing as a huge mess. I see it kind of like the guy who ate way too much, got really drunk, vomited everything up at the kitchen table, and left without even saying good night. I believe that everyone should calm down. Look at what you have. Your still in business. That business is banking. Bank on the middle class for a change instead of looking at them as a constant source of wealth to be tapped into. Bring them back. Drop interest rates one point at a time. Loosen the grip on lending. Stop letting your wallet think for you, and let your conscience think for a change. The middle class is pissed off, but they will come back if your help is visible and sincere. Save yourselves by helping those you hurt. Be George Bailey for just one day.