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: Kentucky Law BlogRANDOM THOUGHT: Where did all that money come from for those banks repaying stimulus money?
By Michael Stevens
Now riddle me this Batman.
If many of our nation's banks were in a financial meltdown and needed funds just months ago and to the tune of billions upon billions of dollars, then where did all that money come from recently to start paying off those stimulus funds?
Makes you want to say something like, Hmmmmmmm.
Was there a financial need, and was it real, perceived, or fictional?
Was there a financial panic at the bank or just a bunch of pecuniary lemmings running off the cliff and now that they have hit the water, they do not want anything to do with federal control and want to give back the money?
Oh well. Where is that inspector general the Prez wants to fire? A little oversight here might be beneficial.
Here's the story from the CJ:
Full post as published by Kentucky Law Blog on June 24, 2009 (boomark / email).
Money Mart Canada
Settles Class Action for $100 Million
Treasurer Embezzlement
Mary Lou Puccio repays Warren Cheer and Pom Program $26,000 after stealing money.
Bankrupt Money Manager
Former officers to pay $10.7 million settlement in fraud lawsuit.
Transit Technicians Scam
Two Municipal Transportation Agency agree to pay $287,000 settlement for stealing money from fare boxes.
Brown Greer et al.
alleging that the six law firms handling the Vioxx settlement failed to provide money for reimbursements to lien rights of Employee Retirement Income Security Act (ERISA) health plans.
Class Action Filed Against Banks in Foreclosure Proceedings
Class Action Filed Against Banks in Foreclosure Proceedings

Stimulus Blogging II: Can Legislatures "End Run" Governors
Summary of economic stimulus package
Local law enforcement agencies cash in on stimulus money (Naples Daily News)
Wells Fargo/American Servicing - They are a joke!!








