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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Joe S Pack who wrote (49567)	5/3/2009 10:51:15 AM
From: Madharry	Respond to of 218673

that article is by a guy who is an investigatve reporter. i have no idea what his financial background is but Im skeptical by the use of some distorted statements like Wells Fargo got the most tarp of any bank headquartered in california, as if wells was some locally based bank benefitting unduly from the Buffett connection. I wonder what the next largest bank headquartered in calfornia is. The article later on says that State Street had $24 Billon invested in Tarp recipients, but my guess is that most of that $24Billion represents securities held in trust or in funds managed by State Street Bank. As far as WEBs investment in Goldman Sucks, as soon as they applied to be a bank, I told people that they were a lock to go up. There are just too many government officials who are ex-GS types. If you have read my comments elsewhere I have been an outspoken opponent of TARP, but I have no control over foolish administration proposals and foolish congressional approvals. But if the government chooses to hand out money Im getting in line.