The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (207861)	6/22/2009 11:10:01 PM
From: James Hutton	Read Replies (1) of 306849

"Gerard Cassidy, a banking analyst at RBC Capital Markets, said he was surprised that some TARP recipients "already are in such difficult financial situation" that they are no longer making dividend payments. "It goes to show you that the due diligence performed by the Treasury was not sufficient."" Sounds like Gerard's knowledge of the banking industry isn't all that great either if he is surprised some TARP recipients are in such bad shape. How much due diligence could they have done in the relative few hours it took for them to come up with TARP, especially given the number of banks that took money?

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