Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, February 4, 2009

Getting out of TARP

Let's just talk about contracts.

A contract is this;

  • offer
  • Acceptance of the offer
  • Value Transfer.(trade of goods or services for other goods or services)
Ok.

If after you receive the tarp money, there is a counter offer or additional demand from one party.

It's a violation of the contract.... When congress says "We have new guidance for those that have taken the Tarp money"

Not only is the old contract void... But in fact, any payment of interest or any part of the contract is actually Clawed back.

so not only could GS or JPM or WFC get out of it. But the federal government owes them any interest they have already PAID.

Other than that... all this "Give back Tarp" is bullshit... They can give it back at any point Until they show additional, acceptance of the new contract.

IF JPM OR WFC OR GS... want to give it back... They can.

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