Last night we saw GS had great earnings and the markets rallied rather well. Retail sales but a little sting in that momentum this morning. Some may say that PPI was not that bad and that the worst is over. Unfortunately, I am not one of those guys. Bad news is bad news until you show me good news. Let’s talk about the TARP funds which I thought was another way to slap consumers in the face. Now the banks that have taken these funds are pisd? Who cares if they are mad! They didn’t care if you and I were upset. They pay 5% to the government on money borrowed so they are paying it back faster. It was to stay afloat not live on. Consolidation of banks and the financial industry believe it or not means more competition. This will eventually get us better rates and more services that we need. Sorry for my rant. I just can’t stand when the little guy (us) has to pay for other peoples mistakes. So I am glad the banks are getting charged a vig.

This entry was posted on Tuesday, April 14th, 2009 at 9:52 am and is filed under Financials. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.