The Mudcat Café TM
Thread #119684 Message #2597465
Posted By: Q (Frank Staplin)
25-Mar-09 - 09:31 PM
Thread Name: BS: Where's the first 350 BILLION Mr.Paulson
Subject: RE: BS: Where's the first 350 BILLION Mr.Paulson
JPMorgan Chase received $25 billion. Not satisfied with this answer? Spokesman Thomas Kelly told the Associated Press and Fox News: "We've lent some of it. We've not lent some of it. We've not given any accounting of, 'Here's how we're doing it. We have not disclosed that to the public. We're declining to'."
Put simply, the answer is: It's none of your business!
Citibank and Bank of America explained that the money they received was being used to strengthen balance sheets and continue making loans to ease the credit crisis. What could be clearer? What more do you want?
What's the matter, Art, are you showing distrust in some major institutions?
(Fox News story, Dec. 22, and an AP story about the same time, found by googling).
The only final recipient I know of who has talked is the Bank of Montreal (BMO) in Canada. They received a payment of some billions owed them by one of the primary recipients- I forget which one. I posted that in one of these threads some days ago but I have forgotten the details. As a sometime depositor in a BMO bank, I am grateful.