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Someone Get Me A Telemarketing Flow Chart

"Hey, Charles, how are ya? It's Allen, I was wondering if... Allen Stanford. Sir... Allen Stanford. Yeah. I know. I know. Well, I'm sure you know that we sure could use a little help. We sure could. Well, come on now. I don't think those charges are credible. That's right. No way that stands up. Look, we're calling everyone and reminding you about all those favors we did and all those parties we had and... Well, Charles, I don't think that was anyone's fault but the valet. That's right. Well, ok, I hear you on that too, I know, but it was just my knee. Really, there wasn't anything to it. Nothing. Anyhow, I was hoping that you might consider being a character witness, you know. I just need someone to... hello? Hello? Charles?"

Accused fraudster and Texas billionaire Allen Stanford has been making calls to his Caribbean base of Antigua to try and gain support and allies, CNBC has learned.
Stanford, head of Stanford Financial Group, was charged with orchestrating an $8 billion fraud. He attempted to get a one-way flight out of the country to Antigua, where his offshore banking operations are based.
Of the money Stanford allegedly swindled, as much as $1.5 billion belonged to U.S. investors, who recouped most of their investments through redemptions that began to pour in following the Bernie Madoff Ponzi scheme.

Stanford Makes Calls to Antigua to Gain Support [CNBC]


TARP Charts!

The Federal Reserve has this new paper out about TARP that does a bit of highly suggestive eyebrow raising about some banks that shall remain nameless. They start from the awkward fact that TARP wanted everything in one bag but didn't want the bag to be heavy, or as they put it: The conflicted nature of the TARP objectives reflects the tension between different approaches to the financial crisis. While recapitalization was directed at returning banks to a position of financial stability, these banks were also expected to provide macro-stabilization by converting their new cash into risky loans. TARP was a use of public tax-payer funds and some public opinion argued that the funds should be used to make loans, so that the benefit of the funds would be passed through directly to consumers and businesses. So you might reasonably ask: were TARP funds locked in the vault to return the recipient banks to financial health, or blown on loans to risky ventures, or other? Well, here is Figure 1 (aggregate commercial and industrial loans from commercial banks in the U.S.): So ... not loaned then. But that's not important! The authors are actually looking not primarily at aggregate amounts of loans but at riskiness of loans and here's what they get: