Recent Event Highlights: I'm Taking on the Banks & I'm going to Court next week(mirror), Court to Wrangle Documents From the Fed's Cold Hands - The Washington Independent, Hartford Prices Notes - Zacks.com, Comerica Repays TARP Fund - Zacks.com, Wachovia settles money laundering case for $160M - The Associated Press, Bob Bennett Must Go: TARP - RedState (blog), and 114 more...
Created by dipity on Dec 14, 2009
Last updated: 11/02/10 at 10:33 PM
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CALIFORNIA MELTDOWN - April 12, 2010.. More evidence of the economic collapse in Northern California. Residential real estate developments blighted by foreclosures and short sales. I counted 1 in 3 houses in this development abandoned or in the foreclosure process. Who is going to buy them? Not enough buyers, even at these prices.
CALIFORNIA MELTDOWN - March 13 2010.. More evidence of the economic collapse in Northern California. Residential real estate developments empty and abandoned and bankrupted builders. The Sacramento area has been particularly hard hit. Latest figures released quote 13.1% unemployment in the Sacramento area. They just kept on building and building... who did they think was going to buy these? How are these developers paying their loans on these properties when they sit empty year after year? WWW.MYMORTGAGENIGHTMARE.COM Please subscribe to my YouTube channel - will be adding more and more footage every week as the economic crisis deepens in 2010.
The author of this video has given permission for anyone to mirror this video. This video is to help people that are dealing with foreclosures. There is good info in this video that the MSM does not report because of advertising from financial institutions. Please go to Youtube user: www.youtube.com The link to this video: www.youtube.com
Court to Wrangle Documents From the Fed's Cold HandsThe Washington Independent... Bank of America Corp., The Bank of New York Mellon Corp., Citigroup Inc., Deutsche Bank, HSBC, JPMorgan Chase, US Bancorp and Wells Fargo. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwashingtonindependent.com%2F79820%2Fcourt-to-wrangle-documents-from-the-feds-cold-hands&usg=AFQjCNEYqt5EUUKpNTetJ2Tri6TSRXB_Qg
Hartford Prices NotesZacks.com(BAC - Analyst Report), Wells Fargo & Co. (WFC - Analyst Report) and Goldman Sachs Group Inc. (GS - Analyst Report) have repaid the TARP loan. ...Hartford Prices Debt to Repay Federal BailoutABC NewsDiscover, Hartford Announce Plans To Repay TARP FundsWall Street JournalThe Hartford prices public offering of USD1.1bn of senior notesInsurance News Net (press release)Emii.comall 438 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.zacks.com%2Fstock%2Fnews%2F31869%2FHartford%2BPrices%2BNotes&usg=AFQjCNHgHelLuscxcuKbfZF-zVH72PEPGw
Comerica Repays TARP FundZacks.com(BAC - Analyst Report), Wells Fargo & Co. (WFC - Analyst Report) and Goldman Sachs Group Inc. (GS - Analyst Report) have repaid the TARP loan. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.zacks.com%2Fstock%2Fnews%2F31816%2FComerica%2BRepays%2BTARP%2BFund&usg=AFQjCNG64I4ATT2F90ojktSr3Hs7eiEXGA
MiamiHerald.comWachovia settles money laundering case for $160MThe Associated PressUnder the agreement, Wells Fargo cannot use taxpayer money provided under the federal financial bailout program — known as TARP — to pay its fine and ...Wachovia Will Pay $160M To Settle Money Laundering Caseallvoicesall 443 news articles »
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Foreclosure: A Sociological DisasterHuffington Post (blog)Then in September 2009, Wachovia was taken over by Wells Fargo; the next step in this growing and disastrous drama. The bank change lead to a lost ...and more »
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Bob Bennett Must Go: TARPRedState (blog)He earned money from Wells Fargo & Co. last year via capital gains. He holds stock in Pimco Income Opportunity Fund, which invested in a heck of a lot of ...and more »
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Legal Briefing: Bank Exec Charged with TARP FraudDailyFinanceBy ABIGAIL FIELD Posted 11:30 AM 03/16/10 Wells Fargo & Co. Park Avenue Bank of New York City failed last week, the 28th bank to fail this year. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.dailyfinance.com%2Fstory%2Flegal-briefing-bank-exec-charged-with-tarp-fraud%2F19401178%2F&usg=AFQjCNGYCyzPR1e0QYfN_lqK4dI4268PkQ
Afro AmericanWells Fargo positioned to increase profits as economy improvesChicago TribuneWells Fargo repaid its federal TARP money and has a solid track record of boosting profits from its customer base by marketing packages of financial ...Wells Fargo Exec's $4.9 Million SaleBarron'sWells Fargo (NYSE: WFC) Offers Plenty Of Upside PotentialistockAnalyst.com (press release)all 46 news articles »
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Comerica Raises $800 Million to Help Repay TARP FundsBusinessWeekBanks from Citigroup Inc. in New York to Charlotte, North Carolina-based Bank of America Corp. and Wells Fargo & Co. of San Francisco have repaid the ...and more »
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Pay for Wells Fargo's top executives soars after TARP exitLos Angeles TimesFreed from government compensation restraints after repaying bank bailout funds, Wells Fargo & Co. more than doubled the pay of its top ...Pay Czar Off Base With Wells Fargo CriticismTheStreet.com (subscription)Pay Jumps at Wells FargoWall Street JournalJohn Stumpf, chairman, president, CEOMinneapolis Star TribuneDailyFinance -The Associated Press -New York Postall 232 news articles »
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Wells Fargo's shareholders get say on pay againIR MagazineLast year Wells Fargo, along with the rest of the recipients of funds from the Troubled Asset Relief Program (TARP), was forced to allow shareholders a ...and more »
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Did Banks that Received TARP Money Unfairly Influence Proposed Changes in ...PR NewsChannel (press release)His firm represents hundreds of homeowners in class action lawsuits against Citibank (NYSE:C), JPMorgan Chase (NYSE:JPM), Washington Mutual, Wells Fargo ...and more »
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The New Republic: UnHAMPering The Housing CrisisNPRThe four biggest banks — Bank of America, JPMorgan Chase, Citigroup and Wells Fargo — control two-thirds of all servicing. The same four banks hold $442 ...and more »
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Attorney Kenneth Feinberg sat down with The Hill to talk about his role as Special Master for the TARP Executive Compensation, or 'Pay Czar' and why the task of telling Wall Street executives to lower their salaries can be emotional.
Regional Banking Top Movers Stocks are WFC, RF, TCB, WLEmailwireWells Fargo & Company (Wells Fargo) is a financial holding company and a bank holding company. The Company is a diversified financial services company ...and more »
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Banks Are Sold on Warrant AuctionsFinancial-Planning.comA spokeswoman for Wells Fargo, which returned $25 billion on Dec. 23, said the company does not comment on "conversations" with its regulators. ...US Treasury to auction BofA, other bank warrantsReutersall 168 news articles »
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Treasury Says New Loans By 11 TARP Banks Rose 13% in DecemberBusinessWeekWells Fargo & Co. reported the second-highest amount, with $58.3 billion in November, a 6 percent increase, and Citigroup reported an 11 percent increase, ...and more »
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Citigroup and Wells Fargo banks have announced 45 billion dollars has been repaid to the US government from the massive TARP program that was used to bail out the banking system.
Paulson Tells Buffett Banks to Repay 'Every Penny'BusinessWeekBorrowers including Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. have returned more than $180 billion in bailout funds, according to ...Paulson Reassures Buffett on TARP RepaymentNew York Times (blog)all 354 news articles »
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Thomas Oliver: Main Street bankers sullied by Wall StreetAtlanta Journal ConstitutionBut not Wells Fargo. So for Harmon, the Volcker Plan is a non-issue. Not so with the Obama's plan to tax those banks that took TARP funding. ...and more »
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Sector Snap: Regional banks slideBusinessWeekBank of America and Wells Fargo both had to raise cash to repay their TARP loans. Miller said he believes PNC's TARP repayment to be "voluntary rather than ...PNC to Repay TARP Money After Sale of UnitNew York Times (blog)US Regional Bank Shares Slide on TARP WorriesCNBCPNC Prices New Shares at 1.2% DiscountWall Street Journalall 194 news articles »
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PNC selling $3 bln in stock to repay TARPMarketWatchPNC is one of the last big US banks to repay money it got through the Treasury's Troubled Asset Relief Program, or TARP. Larger rivals including Wells Fargo ...PNC to repay TARP; sell stock, unitMoneycontrol.comPNC To Sell $3B In Stock As Part Of Effort To Repay TARPWall Street JournalPNC to sell Global Investment Servicing unit, repay bailoutAmerican Chronicleall 591 news articles »
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Excerpt
...Wells Fargo and Goldman Sachs (NYSE: GS) actually did not need the infusion of TARP money. Consider this EPS figure when Wells Fargo was trading for under $10 a share last year. On a going-forward basis, investors could have bought one of the best banks in...
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Investopedia
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http://feeds.investopedia.com/~r/StockAdvice/~3/S4DKOA1upc8/Wells-Fargo-Delivers-WFC-BAC-C-GS-USB0127.aspx
Down with those greedy bankers and their greedy overpaid executives! Tax them! Penalize them! Not so fast. This is bad policy and bad precedent. It's the govt bailing out GM, it's creeping socialism, and it's coming to your paycheck and your job and your business next! I'm no fan of the banks or the investment bankers, but we can't allow the govt to do this!
It's a bull year on Wall Street for bankers' big bonusesHouston ChronicleThe six largest US banks, Citigroup, Bank of America, JP Morgan Chase, Goldman Sachs, Wells Fargo and Morgan Stanley, are on track to hand out as much as ...and more »
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Excerpt
...which the banking industry has seen as a thorn in its side for over a year. The San Francisco-based Wells Fargo repaid $25 billion in TARP money to the U.S. Treasury this week, including dividends of $132 million. So far, Wells Fargo has paid U.S. taxpayers...
Source Info
The Epoch Times
http://www.theepochtimes.com/n2/content/view/26974/
Excerpt
...focus on its core growth strategies to rebuild its historical position as the global economy goes into a recovery mode. Wells Fargo has been the third largest bank in the US to repay TARP loans in Dec 2009. Recently, Bank of America Corp. (BAC) exited TARP...
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iStockAnalyst
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http://www.istockanalyst.com/article/viewarticle/articleid/3738741
Arena Pharmaceuticals shares fall; Silgan Holdings and Sanofi-Aventis shares rise.
My Bank Tracker Bank NewsTARP profit at least $16 bln so far: TreasuryMarketWatchEarlier Wednesday, Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) said they repaid $45 billion that they got from TARP. That brings the total amount repaid ...Small and Mid-Cap Banks Need Not Hurry to Repay TARPABC NewsBailout's big mistake: Loans to small banksCNNMoney.comBanks Caught in Tug of WarTheStreet.com (blog)all 153 news articles »
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Boston GlobeWells Fargo and Citi Complete TARP RepaymentsWall Street JournalIt wasn't a foregone conclusion that Wells Fargo and Citi would repay their TARP funds by Christmas. Bank of America Corp. (BAC) surprised investors by ...Wells Fargo repays TARP fundsMarketWatchCiti, Wells Fargo repay TARP moneyReutersTARP Repayments From Citi and Wells CompletedNew York Times (blog)CNNMoney.com -Bizjournals.com -Benzingaall 774 news articles »
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Macon Daily55 companies miss payment of TARP dividends: studyReutersThe rising dividend deferrals signal that even as some banks are deemed healthy enough to repay the United States -- Wells Fargo & Co, for example, ...55 firms miss TARP dividendsInvestor's Business Dailyall 27 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.reuters.com%2Farticle%2FidUSTRE5BM3MR20091223&usg=AFQjCNG0dKtrFh_2GsqIRmcVzuDqJ2VUQA
Excerpt
Wells Fargo (WFC) said Wednesday it
has repaid $25 billion in bailout funds to the U.S. Treasury Department.
The repayment came in the form of redemption of $25 billion in preferred stock issued to the government last year under
the Troubled Asset
Source Info
FOX Business
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http://feeds.foxbusiness.com/~r/foxbusiness/leaders/~3/mCkhNPfFFW8/
MyFox Washington DCGeithner Says TARP Repayments Don't Hurt Bank Lending AbilityBloombergMeanwhile, Wells Fargo & Co. and Citigroup Inc. both launched plans this past week to exit the TARP and raise capital to repay the government. ...Geithner Says Private Capital Will Boost LendingWall Street JournalTreasury Plans $68 Billion in TARP Spending Next YearABC News (blog)Admin. plans $30B in bailout aid for small firmsThe Associated PressNewsweek -Taipan Publishing Group -Center for Research on Globalizationall 288 news articles »
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Josh Peters thinks Wells Fargo will use its earnings power to greatly expand its dividend now that it has paid back its TARP funds.
Globe and MailWells Fargo Bests Citi In Race To Investors' PocketsWall Street JournalBut before Citi priced its stock offering, Wells Fargo and its lead underwriter, Goldman Sachs Group Inc. (GS), announced and priced its own $12 billion ...Wells Fargo to Repay US, a Coda to the Bailout EraNew York TimesCitigroup Shares Decline After US Treasury Delays Stake SaleBusinessWeekCitigroup to repay bailout fundsChicago TribuneWashington Post -The Daily Deal -Wall Street Journal (blog)all 2,816 news articles »
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Obama...and that's not a good thing. Plus a discussion of our failing economy.From Morning Joe. Copyright MSNBC 2009 Fed Federal Reserve HR 1207 HR end audit finance financial reform House bill TARP dollar gold silver Johnson Nixon Bretton Woods Sarbanes Oxley bonuses Citigroup Wells Fargo Goldman Sachs bonds Treasury Treasuries carry trade cap and trade Peter Schiff Gerald Celente Copenhagen Afghanistan Pakistan Iraq Iran troop troops surge ... Morning Joe Rep Paul Fed chief can do no good ...
The Drudge Report
Ratigan TARP Repayment Scam banks MSN Fed congress america wells fargo citi solomon gold man
in it that it's fraudulent reform. Dylan Ratigan discusses...or rather berates... Rep. Perlmutter over the recently passed bill. On Morning Meeting. Thanks to YT'er Lexi8888 for pointing this out to me. Copyright MSNBC TARP bonuses financial reform finance reform windfall profits tax AIG Citibank Wells Fargo Goldman Sachs derivatives ... Morning Meeting Dylan Ratigan House financial reform regulation bill windfall profits tax bonuses TARP Citibank Wells Fargo AIG Goldman Sachs ...
ReutersAnalysts: Wells Fargo TARP Repayment Dilutive But PositiveWall Street JournalThe Wells Fargo TARP announcement comes on the heels of Citigroup Inc. (C) and Bank of America Corp. (BAC) unveiling plans to repay TARP. ...Wells Fargo TARP Repay: Five Analysts TakeawaysWall Street Journal (blog)Wells Fargo proves last big bank to repay TARPMarketWatchWhat Wells Fargo's TARP Payback Means for InvestorsStreetAuthorityExaminer.com -New York Times (blog) -Wall Street Journalall 1,843 news articles »
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Wells Fargo became the latest bank to repay TARP. And Best Buy posts earnings. ... "wells fargo" treasury "interest rate" fed "best buy earnings" "funds rate" tarp
loaned from the federal reserve at zero percent interest? The US government has been CONSUMED by the Corporate State. They did not investigate or punish the oil cartel when they gamed the stock market with phony "JITTERS" and drove oil up to $150 a barrel. And they have no intentions whatsoever to investigate or punish the crimes of Wall Street Banks that poisoned the global financial system with their toxic derivatives envelopes. ... Wells Fargo Citibank Sachs Bank bailout TARP federal reserve ...
Do banks have a hidden agenda? Banks repaying TARP. Don't believe the hype. Dylan Ratigan on Morning Meeting. Reality Check. Copyright MSNBC 2009 Must read: Citigroup gains huge tax breaks www.msnbc.msn.com US gave up billions... Washington Post: www.washingtonpost.com Thanks to elephantinpajamas for the link! bonuses salary caps windfall profits tax Citigroup Wells Fargo AIG Goldman Sachs Citibank pay czar Fed Federal Reserve Bank Ron Paul interest rates Ben Bernanke...
FBN's Liz MacDonald on Wells Fargo's announcement it will pay back $25 billion in taxpayer money.
Excerpt
...That process includes reviewing the strength of the bank. FBR Capital Markets analyst Paul Miller was more cautious on Wells Fargo’s planned capital raise and TARP repayment. In a research note, he said that the move helps the bank avoid potential government...
Source Info
EDGE Boston
http://www.edgeboston.com/index.php?ch=business_finance&sc=&sc2=news&sc3=&id=100094
Excerpt
...repay $20 billion in TARP money and the government would sell its nearly 34-percent stake in the bank. By repaying TARP, Wells Fargo escapes restrictions like caps on executive compensation and dividends. It will also save the bank $1.25 billion annually in...
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Fresno Bee
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http://www.fresnobee.com/state_wire/business/story/1748930.html
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