Do the banks have money or not?
Started by Riversider
about 14 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
They can pay dividends to shareholders but not fines? ------------------------------------------------------- Some banks negotiated separate requirements. Ally Financial, for example, negotiated a steep discount on the fine part of its settlement, based on an inability to pay it, according to people familiar with the matter. ... [more]
They can pay dividends to shareholders but not fines? ------------------------------------------------------- Some banks negotiated separate requirements. Ally Financial, for example, negotiated a steep discount on the fine part of its settlement, based on an inability to pay it, according to people familiar with the matter. http://www.huffingtonpost.com/2012/03/12/national-mortgage-settlment_n_1339403.html Further, the Federal Reserve has not objected to the ongoing payments of preferred dividends and interest on the trust preferred securities and subordinated debt. Read more: http://www.benzinga.com/news/12/03/2421922/from-earlier-ally-financial-statement-on-the-federal-reserves-comprehensive-capit#ixzz1pMloWNXk [less]
http://www.youtube.com/watch?v=24i-luznGZs
@ 2:35
http://rt.com/programs/capital-account/whistle-blowing-wall-street/
Federal Reserve is supposed to keep banks from lending too much money that they do not own.
I don't think they have power over how the money is spent( rather than how it is invested).