Tuesdays Trash

Pressure Out Of Control

He's making a list – He's checking it twice.
Where do you begin to start stuffing the trash bag with garbage this holiday season? Why don't we start with one of the biggest thieves, Citigroup. They are in such dire straits financially that not only can they only sponsor a college football bowl game,but they can proudly use your tax dollars to name a professional sports stadium after themselves(CitiGroup Stadium home the New York Mets).Then announce that they will need another $300,000,000,000 to survive. When the Auto Industry is asking for a miniscule 34,000.000.000 one can only ask ,“what the heck, why not?”Bank of America is no slouch either with American tax money. Instead of opening up the credit markets as they promised would happen, They went and purchased all the assets of Merrill Lynch and are looking for more mergers and acquisitions.They also are not new to the venue naming game, with the Bank of America pavilion in Boston and the Bank of America stadium( home of the Carolina Panthers) The rights to do this costs millions of dollars( just ask ENRON).How many of you make out your credit card payments to Bank of America? We will save AIG for another day!

A couple of more thoughts on yesterdays subject. If any of you haven't noticed, the credit card companies have begun to show up in high schools to try and entice graduating seniors to sign on. Every fall college campuses all over the country have representatives with the major card companies setting up a booth to sign on incoming freshmen . Where will it end? Soon the companies will begin early education for junior high students to prepare them for the magical day they turn 18 and can legally enter into credit agreements.
Do some research yourselves on the companies listed below. This list only contains those companies that have received a billion dollars or more.There are 72 other banking and financial institutions that have received millions of dollars in TARP allocations for the cure of the credit crisis(ho ho ho) . Well we can only hope they all have a very joyous holiday, for the American public will not.



TARP Recipients
Citigroup -25 billion
JP Morgan Chase-25 billion
Wells FargoLoading... & Co. (San Francisco) — $25 billion
Bank of America Corp. (Charlotte, N.C.) — $15 billion
Goldman Sachs Group Inc. (New York) — $10 billion
Merrill Lynch & Co. (New York) — $10 billion
Morgan Stanley (New York) — $10 billion
PNC Financial Services Group Inc. (Pittsburgh) — $7.7 billion
US Bancorp (Minneapolis) — $6.6 billion
Capital One Financial Corp. (McLean, Va.) — $3.55 billion
Regions Financial Corp. (Birmingham, Ala.) — $3.5 billion
SunTrust Banks Inc. (Atlanta) — $3.5 billion
Fifth Third Bancorp (Cincinnati) — $3.4 billion
BB&T Corp. (Winston-Salem, NC) — $3.1 billion
Bank of New York Mellon (New York) — $3 billion
Keycorp (Cleveland) — $2.5 billion
Comerica Inc. (Dallas) — $2.25 billion
State Street Corp. (Boston) — $2 billion
Marshall & Ilsley Corp. (Milwaukee) — $1.7 billion
Northern Trust Corp. (Chicago) — $1.5 billion
Huntington Bancshares Inc. (Columbus, Ohio) — $1.4 billion
Zions Bancorporation (Salt Lake City) — $1.4 billion