Banks that didn't take governemnt bailout TARP are in better shape than peers

Banks that didn't take government bailout billions - take your money there. No to AIG, Citi or Bank of America.

http://BailoutSleuth.com,

54 public banks refused gov bailout TARP money.

AIG became a ward of the state.

People now own a third of Citigroup.

Bank of America received $45 billion in funding.

BANK WITH Hudson City Bancorp (HCBK),

People' United Financial (PBCT)

Commerce Bancshares (CBSH),

BOK Financial (BOKF) and

NY Community Bancorp (NYB)

Shares of the 54 banks that didn't want a bailout are, on average, down just 16% since last September. That's compared to a 30% drop for the KBW Bank Index and 36% plunge for the S&P Regional Bank Index..

Banks that didn't take TARP are in better shape than peers - Sep. 11, 2009

Banks that didn't take TARP are in better shape than peers - Sep. 11, 2009

between 1998 and 2004, senior executives at Fannie manipulated its results to hit earnings targets and generate $115 million in bonus compensation.

Fannie had to restate its financial results by $6.3 billion.

In the rescue operation, the Treasury agreed to pony up as much as $200 billion to keep Fannie in the black, coughing up cash whenever its liabilities exceed its assets.

Treasury will, by Sept. 30, have handed over $45 billion to shore up the company’s net worth

Almost two years later, in 2006, Fannie’s regulator concluded an investigation of the accounting with a scathing report. “The conduct of Mr. Raines, chief financial officer J. Timothy Howard, and other members of the inner circle of senior executives at Fannie Mae was inconsistent with the values of responsibility, accountability, and integrity,” it said.

Fair Game - They Left Fannie Mae, but We Got the Legal Bills - NYTimes.com