If I were a shareholder in this company, I would be pissed as hell.You have to borrow and sell $7B in assets to pay off debt that is lent with essentially no interest.I'm no MBA, but that is plain idiotic, assuming the company decision makers are acting in their shareholder interests as required by law.I think this would be a great case to make for a criminal prosecution against company executives.At a minimum, an investigation into the rationale behind this rediculous decision is warranted.
Klumps the terrorist says...."Don't pay your mortgage! Don't pay your car loan! Let's bring down this American oppressive capitalist regime!"
Oh, and remember this other Klumpy gem: People buying foreclosed houses with 2 new cars in the garage, all of the furniture and appliances still there...That one was great!That's all you need to know about him.Watch how many 2am posts he puts through to push these posts out of the way..
They need TARP off their back. The executives NEED their BONUS MONEY..Set them free so they can continue to rape us
I think you need a reading comprehension course. TARP stock has a 5% dividend so its nowhere near free money. The one thing they have not addressed is the long term warrents the govt has to buy shares
well put anexx...and that 5% is before tax...actual cost to the bank is close to 8%. With loan yields averaging around 5%, the sooner they got rid of the money the better it was for the shareholders
What on earth are you talking about? They got the millstone off their neck. This TARP thing started out as a beneficial process. Now Obama turned it into a character stain. It needed to go.