U.S.ELITE ARE NOT ASKING 4 MORE TAX CUT ENTITLEMENTS ~THEY ARE JUST TAKING ELITE TAX CUT ENTITLEMENTS ...

WHY WOULD AMERICAN ELITE NEED TAX CUTS AFTER THIS BUSH JR ~ ROVE TARP PONZI BAILOUT THEFT ? <!--break--> U.S.TAXPAYERS TARP BAILOUT THEFT VIA INTERNATIONAL ELITE CABAL....... LAWYERS FOR POOR AMERICANS WILL CONTINUE TO BRING OUR FOLLOWERS VARIOUS ARTICLES FROM AROUND THE WEB CONCERNING THIS LARGEST AMERICAN TAXPAYER THEFT IN U.S.HISTORY !!! ~ TARP~ TAKE ALL RESOURCES POLITELY ~ ** ESTIMATES GO AS HIGH AS 200 BILLION $$ THAT WILL NEVER BE SEEN OR HEARD ABOUT AGAIN FROM OUR GEORGE BUSH JR ~ KARL ROVE TARP PONZI SCHEME ** TENS OF BILLIONS OF TARP ( U.S.TAX PAYERS BAILOUT $$) WENT TO EUROPEAN BANKS ~ VIA AIG AND OTHER LOCALS AROUND THE WORLD THAT HAVE SIMPLY JUST VANISHED INTO THIN AIR NEVER TO BE PAID BACK.. BECAUSE NOBODY KNOWS WHO TOOK IT OR WHERE THE U.S.TAXPAYERS FUNDS ARE ??? LAWYERS FOR POOR AMERICANS HAS GOOD REASON TO BELIEVE OUR BUSH JR~ KARL ROVE TARP BAILOUT PONZI SCHEME WAS A WELL PLANNED THEFT THAT TOOK YEARS TO DEVELOP AND CARRY OUT !!! ~ THIS BUSH JR ~ KARL ROVE TARP PONZI BAILOUT WILL ONE DAY BE COMMONLY CALLED TARPGATE BECAUSE IT WILL BE CONFIRMED AS THE LARGEST little American taxpayer THEFT IN AMERICAN HISTORY ~ ---------------------------------------------------------------------------------------------------------------- Rising number of small banks are becoming TARP 'deadbeats' A Treasury report shows that more than 120 institutions have missed their quarterly dividend payments. (Mark Lennihan) Network NewsX Profile Who's Blogging» Links to this article By Brady Dennis Tuesday, September 14, 2010 Big Wall Street firms have the most bruised public reputations, but it's a collection of smaller banks that continues to plague the Treasury Department's bank bailout program. The latest report from the agency shows that more than 120 institutions - nearly all of them small banks - have missed their scheduled quarterly dividend payments, which is more than a sixth of the banks that received federal aid during the financial crisis. In addition, five banks that received capital injections from the $700 billion Troubled Assets Relief Program have failed altogether, making it highly unlikely that taxpayers will recover the nearly $3 billion poured into those institutions. The Treasury report showed that at the end of August, a record six banks each missed six dividend payments. Saigon National Bank in Southern California has missed seven. The rising number of &quot;deadbeat&quot; banks, as they are known, has prompted calls for Treasury officials to take action to protect taxpayers' investment. The bailout legislation gives the Treasury the authority to appoint two members to the boards of banks that miss six or more dividend payments, but the agency has refrained from doing so. In its report, the Treasury stated that in weighing whether to exercise its option to appoint directors, it would &quot;prioritize&quot; institutions in part based on whether the government's investment in the bank exceeds $25 million. That list includes AnchorBank of Wisconsin, which received $110 million, and Seacoast National Bank of Florida, which received $50 million. &quot;We are exploring a number of options on how to properly exercise our contractual rights so to best protect the interests of taxpayers,&quot; Treasury spokesman Mark Paustenbach said. Administration officials are quick to point out that, overall, the TARP program has fared far better than initial projections and that the estimated cost of the program has continued to dwindle. (The nonpartisan Congressional Budget Office recently lowered the projected final cost to $66 billion.) They say that while the missed payments from an increasing number of community banks are a legitimate problem, the amount of taxpayer money at stake pales in comparison with the government investments in companies such as General Motors and insurance giant American International Group. In addition, they note that taxpayers have already recovered three-quarters of the TARP funds invested in banks. Others expect the problem of missed dividend repayments to continue to grow as small banks continue to struggle with the lagging economy and troubled loan portfolios. Most large and healthy banks long ago repaid their aid and exited the bailout program. &quot;The number of institutions missing their dividends will tend to go higher,&quot; said Linus Wilson, a finance professor at the University of Louisiana at Lafayette who has monitored the government's aid efforts. &quot;You have the really strong institutions leaving the program, and the not-so-strong ones tend to get worse.&quot; During the crisis, the Treasury pledged to give aid only to banks that were in relatively good shape but that needed help to weather the financial upheaval. Looking back, Wilson said, some of the government's investments &quot;were really speculative at the time.&quot; He cited CIT Group, which failed despite a $2.3 billion infusion of taxpayer money, and OneUnited, the Massachusetts-based bank that has missed six dividend repayments and has come under scrutiny for seeking help from U.S. Reps. Barney Frank (D-Mass.) and Maxine Waters (D-Calif.). Wilson said the wave of missed payments also should stoke skepticism about the administration's plan to make more taxpayer money available to community banks through a small-business bill that the Senate is expected to take up this week. Among other things, the legislation would create a $30 billion fund that smaller banks could tap to extend loans to businesses. Administration officials have insisted that weak or troubled banks would be excluded from the program and note that, to participate, a bank's federal regulator must deem it viable. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ LAWYERS FOR POOR AMERICANS IS A INDEPENDENT VOLUNTEER WWW LOBBY THAT SINGS OUT 4 MIDDLE~CLASS &amp;amp; WORKING POOR AMERICANS. *WE CAN BE FOUND WITH ANY WEB SEARCH ENGINE BY OUR NAME TELEPHONE NUMBER OR E MAIL ADDRESS. **GOOGLE, YAHOO, AOL, MSN, BING.. ETC... ALL CARRY OUR PREVIOUS WRITTEN COMMENTARY STUFF WITH VARIOUS DIFFERENT LISTINGS. ***WE ENJOY BRINGING THE GOOD LIFE ON THE WEB to all our fellow little Americans LIVING IN OUR WEALTHY ELITE'S COUNTRY. lawyersforpooreramericans@gmail.com 424-247-2013 africa: ambazonia canarias estrecho / madiaq nigeria south africa canada: alberta hamilton maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: japan manila qc europe: alacant andorra antwerpen athens austria barcelona belgium belgrade bristol bulgaria croatia cyprus estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege lille madrid marseille nantes netherlands nice norway oost-vlaanderen paris poland portugal romania russia scotland sverige switzerland thessaloniki united kingdom west vlaanderen latin america: argentina bolivia brasil chiapas chile colombia ecuador mexico peru puerto rico qollasuyu rosario santiago sonora tijuana uruguay valparaiso oceania: adelaide aotearoa brisbane darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas atlanta austin baltimore binghamton boston buffalo charlottesville chicago cleveland colorado danbury, ct dc hawaii houston hudson mohawk idaho ithaca kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley san diego san francisco san francisco bay area santa barbara santa cruz, ca seattle st louis tallahassee-red hills tennessee urbana-champaign utah vermont western mass worcester west asia: beirut israel palestine process: discussion fbi/legal updates indymedia faq mailing lists process &amp;amp; imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

<p>WHY WOULD AMERICAN ELITE NEED TAX CUTS AFTER THIS BUSH JR ~ ROVE TARP PONZI BAILOUT THEFT ?</p> <!--break--><p> U.S.TAXPAYERS TARP BAILOUT THEFT VIA INTERNATIONAL ELITE CABAL....... </p> <p>LAWYERS FOR POOR AMERICANS WILL CONTINUE TO BRING OUR FOLLOWERS VARIOUS ARTICLES FROM AROUND THE WEB CONCERNING THIS LARGEST AMERICAN TAXPAYER THEFT IN U.S.HISTORY !!! </p> <p>~ TARP~ TAKE ALL RESOURCES POLITELY ~ </p> <p>** ESTIMATES GO AS HIGH AS 200 BILLION $$ THAT WILL NEVER BE SEEN OR HEARD ABOUT AGAIN FROM OUR GEORGE BUSH JR ~ KARL ROVE TARP PONZI SCHEME ** </p> <p>TENS OF BILLIONS OF TARP ( U.S.TAX PAYERS BAILOUT $$) WENT TO EUROPEAN BANKS ~ VIA AIG AND OTHER LOCALS AROUND THE WORLD THAT HAVE SIMPLY JUST VANISHED INTO THIN AIR NEVER TO BE PAID BACK.. BECAUSE NOBODY KNOWS WHO TOOK IT OR WHERE THE U.S.TAXPAYERS FUNDS ARE ??? </p> <p>LAWYERS FOR POOR AMERICANS HAS GOOD REASON TO BELIEVE OUR BUSH JR~ KARL ROVE TARP BAILOUT PONZI SCHEME WAS A WELL PLANNED THEFT THAT TOOK YEARS TO DEVELOP AND CARRY OUT !!! </p> <p>~ THIS BUSH JR ~ KARL ROVE TARP PONZI BAILOUT WILL ONE DAY BE COMMONLY CALLED TARPGATE BECAUSE IT WILL BE CONFIRMED AS THE LARGEST little American taxpayer THEFT IN AMERICAN HISTORY ~ </p> <p>---------------------------------------------------------------------------------------------------------------- </p> <p>Rising number of small banks are becoming TARP 'deadbeats' </p> <p>A Treasury report shows that more than 120 institutions have missed their quarterly dividend payments. (Mark Lennihan) Network NewsX Profile </p> <p>Who's Blogging» Links to this article<br /> By Brady Dennis<br /> Tuesday, September 14, 2010 </p> <p>Big Wall Street firms have the most bruised public reputations, but it's a collection of smaller banks that continues to plague the Treasury Department's bank bailout program. </p> <p>The latest report from the agency shows that more than 120 institutions - nearly all of them small banks - have missed their scheduled quarterly dividend payments, which is more than a sixth of the banks that received federal aid during the financial crisis. </p> <p>In addition, five banks that received capital injections from the $700 billion Troubled Assets Relief Program have failed altogether, making it highly unlikely that taxpayers will recover the nearly $3 billion poured into those institutions. </p> <p>The Treasury report showed that at the end of August, a record six banks each missed six dividend payments. Saigon National Bank in Southern California has missed seven. </p> <p>The rising number of "deadbeat" banks, as they are known, has prompted calls for Treasury officials to take action to protect taxpayers' investment. </p> <p>The bailout legislation gives the Treasury the authority to appoint two members to the boards of banks that miss six or more dividend payments, but the agency has refrained from doing so. </p> <p>In its report, the Treasury stated that in weighing whether to exercise its option to appoint directors, it would "prioritize" institutions in part based on whether the government's investment in the bank exceeds $25 million. </p> <p>That list includes AnchorBank of Wisconsin, which received $110 million, and Seacoast National Bank of Florida, which received $50 million. </p> <p>"We are exploring a number of options on how to properly exercise our contractual rights so to best protect the interests of taxpayers," Treasury spokesman Mark Paustenbach said. </p> <p>Administration officials are quick to point out that, overall, the TARP program has fared far better than initial projections and that the estimated cost of the program has continued to dwindle. (The nonpartisan Congressional Budget Office recently lowered the projected final cost to $66 billion.) </p> <p>They say that while the missed payments from an increasing number of community banks are a legitimate problem, the amount of taxpayer money at stake pales in comparison with the government investments in companies such as General Motors and insurance giant American International Group. </p> <p>In addition, they note that taxpayers have already recovered three-quarters of the TARP funds invested in banks. </p> <p>Others expect the problem of missed dividend repayments to continue to grow as small banks continue to struggle with the lagging economy and troubled loan portfolios. Most large and healthy banks long ago repaid their aid and exited the bailout program. </p> <p>"The number of institutions missing their dividends will tend to go higher," said Linus Wilson, a finance professor at the University of Louisiana at Lafayette who has monitored the government's aid efforts. "You have the really strong institutions leaving the program, and the not-so-strong ones tend to get worse." </p> <p>During the crisis, the Treasury pledged to give aid only to banks that were in relatively good shape but that needed help to weather the financial upheaval. Looking back, Wilson said, some of the government's investments "were really speculative at the time." </p> <p>He cited CIT Group, which failed despite a $2.3 billion infusion of taxpayer money, and OneUnited, the Massachusetts-based bank that has missed six dividend repayments and has come under scrutiny for seeking help from U.S. Reps. Barney Frank (D-Mass.) and Maxine Waters (D-Calif.). </p> <p>Wilson said the wave of missed payments also should stoke skepticism about the administration's plan to make more taxpayer money available to community banks through a small-business bill that the Senate is expected to take up this week. Among other things, the legislation would create a $30 billion fund that smaller banks could tap to extend loans to businesses. </p> <p>Administration officials have insisted that weak or troubled banks would be excluded from the program and note that, to participate, a bank's federal regulator must deem it viable. </p> <p>------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ </p> <p>LAWYERS FOR POOR AMERICANS IS A INDEPENDENT VOLUNTEER WWW LOBBY THAT SINGS OUT 4 MIDDLE~CLASS &amp;amp; WORKING POOR AMERICANS. </p> <p>*WE CAN BE FOUND WITH ANY WEB SEARCH ENGINE BY OUR NAME TELEPHONE NUMBER OR E MAIL ADDRESS. </p> <p>**GOOGLE, YAHOO, AOL, MSN, BING.. ETC... ALL CARRY OUR PREVIOUS WRITTEN COMMENTARY STUFF WITH VARIOUS DIFFERENT LISTINGS. </p> <p>***WE ENJOY BRINGING THE GOOD LIFE ON THE WEB to all our fellow little Americans LIVING IN OUR WEALTHY ELITE'S COUNTRY. </p> <p><a href="mailto:lawyersforpooreramericans@gmail.com">lawyersforpooreramericans@gmail.com</a><br /> 424-247-2013 </p> <p> africa: ambazonia canarias estrecho / madiaq nigeria south africa canada: alberta hamilton maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: japan manila qc europe: alacant andorra antwerpen athens austria barcelona belgium belgrade bristol bulgaria croatia cyprus estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege lille madrid marseille nantes netherlands nice norway oost-vlaanderen paris poland portugal romania russia scotland sverige switzerland thessaloniki united kingdom west vlaanderen latin america: argentina bolivia brasil chiapas chile colombia ecuador mexico peru puerto rico qollasuyu rosario santiago sonora tijuana uruguay valparaiso oceania: adelaide aotearoa brisbane darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas atlanta austin baltimore binghamton boston buffalo charlottesville chicago cleveland colorado danbury, ct dc hawaii houston hudson mohawk idaho ithaca kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley san diego san francisco san francisco bay area santa barbara santa cruz, ca seattle st louis tallahassee-red hills tennessee urbana-champaign utah vermont western mass worcester west asia: beirut israel palestine process: discussion fbi/legal updates indymedia faq mailing lists process &amp;amp; imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech</p>