Interesting People mailing list archives
Welfare for strong banks?
From: David Farber <dave () farber net>
Date: Thu, 16 Oct 2008 19:20:58 -0400
Begin forwarded message: From: "Ronald J Riley \(RJR-com\)" <rjr () rjriley com> Date: October 16, 2008 6:50:52 PM EDT To: <dave () farber net> Subject: FW: [IRE-L] Welfare for strong banks?Dave, this is from the Investigative Reporters & Editors forum and I believe a reasonable question. I am personally against the 700 billion bailout because I think it is mostly pork for questionable players. This sounds like like a confirmation of those suspicions.
Ronald J. Riley, From: Paul Conant [mailto:znewz1 () YAHOO COM] Sent: Tuesday, October 14, 2008 2:39 PM To: IRE-L () PO MISSOURI EDU Subject: [IRE-L] Welfare for strong banks?I noticed a NY Times graphic that showed CitiGroup, Bank of America and Wells Fargo as receiving $25 billion each in welfare money. OK, I'm no expert. Maybe someone who is an expert can clue us in as to why these reportedly healthy banks need these hefty infusions. Or, was "the system" gaming us again, pretending these institutions were sound when in fact they weren't.
Recall that CitiGroup and Wells Fargo were duking it out over the right to buy Wachovia and that Bank of America snapped up a weak bank at the behest of the federalies.
Best regards, Paul Conant Znewz1 blog: http://zeenewz1alternate.blogspot.com For back posts, see Znewz1.blogspot.com, Znewz1alternate.blogspot.com Kryptograff blog: http://kryptograff.blogspot.com Kryptograff mirror: http://www.angelfire.com/az3/nfold/kryptograffmirror.html How did the twin towers fall? Questions remain http://www.angelfire.com/ult/znewz1/wtc.htmlWhat did police and others witness at the twin towers? See what the files really say:
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- Welfare for strong banks? David Farber (Oct 16)
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- Welfare for strong banks? David Farber (Oct 17)