Wanna see where your $300B went from TARP 1?

[Jeff Tumbarello]

See pages 130-145 - a list of Banks the Government now OWNS due to its preferred stock holdings (which will soon be COMMON non-interest-bearing VOTING ownership)...

http://sigtarp.gov/reports/congress/2009/SIGTARP_Initial_Report_to_the_Congress.pdf

The "easy" view? Page 11, a tiny chart with a big view of a debacle yet to play out.. Note the BIG BOY percentages - these are our five "largest and strongest" Banks..

Don't worry, though - they want to pay it all back immediately, but the Fed won't let them. Uh huh - I wonder which one of them thinks they could write the check today. Their March quarterly balance sheets say they're still lying through their polished teefies.. Gee, what a surprise...

Within the next 3 weeks, most of 'em will get MORE cash to burn, that'll be gone by Q3 at the latest.

Somebody'd better stock up on morphine for the sheep, it's gonna be a rough summer/fall for the masses. Speaking of sheep, the BoA Shareholders re-elected the whole Board today