Wednesday, June 10, 2009

Tom's handy TARP Quiz

Was confronted today with headline in the Chron biz pages trumpeting the news that 10 big banks were going to repay the federal bailout funds they have received, plus interest! "My," I thought, "this certainly seems out of character." So I investigated further. Now, you get to take my quiz:

The 10 big banks are just bustin' at the seams to repay the bailout funds because:

a) They deem it their patriotic duty to repay the public's money as soon as possible;

b) They want to boost the confidence and support of their shareholders;

c) They want to be free of limits on executive compensation that must remain in place as long as the bailout amounts are owed;

d) They want to avoid accruing interest that will eventually have to be paid.

I know this is really a tough one. (smirk, smirk) Good luck!

For the answer, you can read the entire Chron article.

Ciao,

~ tom

3 comments:

Lally said...

smirk smirk indeed! Oh the greed the greed.

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