Vegas? Verboten.
Bonuses? Banned.
Falcon? Fatwa’d.
Parties? Prohibited.
Ritz? Regulated.
“Every firm has a breaking point. Yours and mine have. Northern Trust has reached hers. And very obviously, she has gone insane.”
U.S. Bancorp and Northern Trust Corp. will return funds from the Treasury’s Troubled Asset Relief Program, according to Representative Barney Frank.
The banks didn’t immediately confirm whether they’d repaid any of the federal money.
Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, said during a news conference that Northern Trust returned $1.6 billion. He didn’t say whether U.S. Bancorp, the biggest lender based in Minnesota, had formally applied to return its TARP money.
U.S. Bancorp, Northern Trust Return TARP, Frank Says [Bloomberg]
Maybe Barney Frank should stop holding press conferences while America is burning.
If our government officials actually sat down and did some freaking work instead of posturing for power in the post-Apocalypse socialist new order, we might stave off this fall’s food riots.
Northern Trust and U.S. Bancorp basically told Barney Frank to take the TARP money and shove it up his ass, which must be quite roomy at this point
Yes sir, very much so sir, obviously insane.
You go girl !
Fatwa’s can be novated with Virgins
blarney frank is an a$$clown. it’s amazing that these guys ever get elected! wtf? good for USB and NTRS – time to party like it’s 1999. give back the damn money and make a mockery of the others that are talking loud and saying nothing! seriously, do bac and wfc really think we believe them when they claim that they “don’t need” the money? there is a reason their stocks are headed to zero…
Dylan Ratigan just declared a fatwa on my heart with his smoldering good looks and those suicide bomber eyes…
Easy come, easy go.
Take a look at this blog:
http://farmlandforecast.colvin-co.com/
was that meredith whitney? or someone who ate meredith whitney and now wears her skin and face as a suit?
@merkin – we don’t have the sound on and I wasn’t wearing my glasses; that said, I agree it did look like that woman ate whit, whit – but I don’t think it was her.
So that southern belle, Bliss Morris, just told erin that you need to be vetted in order to buy the very cheap toxic assets? But yet they are getting a thousand buyers a day. Guess hedgies are buying the toxic assets? You need a million apparently to be vetted.
That’s progress. The assholes that return TARP money and then get in a crunch deserve the lawsuits that will haunt them. But getting US taxpayer money returned to the treasury is a positive move.
september of 1996, i was 11
So…the market is down 25% in 2009 and what do we get out of Washington? Hearings on AIG?
Who does Obama think he’s going to tax to pay for his socialist paradise when the entire investor class is gone?
He may as well make the capital gains rate 100% as most investors will have enough tax losses that they will never pay capgains again.
i think barney frank is confusing mark-to-market with ass-to-mouth, which he knows a great deal about
hah 15!
Daily Show rip job of cnbc. Check the diagonal.
http://gothamist.com/2009/03/05/jon_stewart_gets_mad_money_while_bu.php
I know Northern gets jeffrey’d on a bit around here, and might appear to be quite drab, but I’m currently thrilled to work for a company that is willing to stand up to the frankie.
/rant.
Bawney Fwank is a Sperm Gurgler who never knows when to shut up
@3 – The horror, the horror
@1 – Whereas what you’re doing–commenting on Dealbreaker during working hours–is adding … what?
Thanks for playing. Next!
I told y’all weeks ago Rick was going to give that shit back. He couldn’t wait to do it. Some even think he ritzed up the festivities out in LA in order to speed up the process.
@13 september 1996, i was 20
@1 we would be even more screwed if they did actual work… have you heard these people speak? it’s like a special olympics hall of fame round table.
@15 win!
Thank you for returning my tax money. Barney Frank would make an excellent collection agent.
@ Merkin
Dude, don’t insult the special olympics!
What? Did I just hear that right? Jim Cramer, quintessential BO cheerleader par excellance, is going to be a guest on the Sean Hannity program at 4 o’clock ET? Did I hear that right, could that possibly be?
somebody please live blog this?
28, I have been proven wrong. BHO IS the ultimate uniter.
Btw Bartiromo is interviewing Tillerson and looks like she got out of the shower, hair wet and all???
Oh this is very good.
“Why The Public Hates Goldman Sachs, Investment Bankers And Wall Street”
http://bit.ly/5yUzS
“But in case you needed any personal reasons to hate these fuckers even more, this article will provide you plenty. The author is sympathetic. We are most defintely not in agreement. I have worked with hundreds of knobs like David Webb and to know them is to dislike them. And Goldman Sachs, more than any other firm, is full of asshats like Webb. Every quote from this riptard oozes self-importance”
Good, these banks apparently don’t need the TARP funds.
Banks that take TARP funds should get *ed up the ass by Barney Frank while Cuomo reaches his fist down their throat and pulls out all the bonuses.
Take the TARP money and you should be in a modern day version of a Hieronymus Bosch painting.
Private, who’s in charge here?
Ain’t you?
So are you going to post a correction now that this story has been deemed erroneous since the company denied this story?