http://wallstreetpit.com/12667-why-did-bank-of-america-pay-back-the-money Wed, 08 Feb 2012 22:13:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://wallstreetpit.com/12667-why-did-bank-of-america-pay-back-the-money#comment-94432 Business Women Wed, 13 Jan 2010 12:21:34 +0000 http://wallstreetpit.com/?p=12667#comment-94432 How much of this is Wells Fargo being a more responsibly run institution versus their ability to piggy-back off of the myriad government bailouts outside of TARP? For example, with or without TARP money, they still benefit from low rates, quantitative easing, and the post-Lehman all but explicit government guarantee of financial institution debt. Why keep TARP money when you can pay yourself large bonuses and let the government bail you out if things don't work out, as was demonstrated repeatedly by C and BAC after Lehman collapsed? Stephanie Mcnealy. How much of this is Wells Fargo being a more responsibly run institution versus their ability to piggy-back off of the myriad government bailouts outside of TARP? For example, with or without TARP money, they still benefit from low rates, quantitative easing, and the post-Lehman all but explicit government guarantee of financial institution debt. Why keep TARP money when you can pay yourself large bonuses and let the government bail you out if things don’t work out, as was demonstrated repeatedly by C and BAC after Lehman collapsed?
Stephanie Mcnealy.

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