BANKS REPAY TARP

Funny thing, I am curious as to HOW the banks made so much money in a VERY short time, especially if they are not lending?

If so many people are defaulting on loans and credit card payments.......if M and A activity and other banks business is not what it was......how so such an amazing recovery at the banks with the economy in tatters?

It's all funny money make believe BS IMHO, paper on books at FACE VALUE have NOT been marked down, so don't have to be shown as losses or maybe even OFF BALANCE SHEET. Loans on defaulted mortgages not even worth 50% of orig amount held at FACE VALUE? or NO Loss realized?

I showed where over then next 2 years another HUGE wave of loans will be coming around similar to SUB PRIME SLIME, ALT A and many of the higher prime variety and $3 Trillion commercial real estate is needing to be refinanced, so defaults will rise there dramatically.

Myguess is almost ALL of the money SENT to the banks to HELP the economy and American public were instead used SOLEY to benefit banks in a PONZI LIKE TRADING SCHEME......80% of GS profits came from their trading desks.

This is great for the banks, sucks for us. OF course like the air mask in a plane.....first fit it around your face....then get to your children.

The US $ is at $76.49 nd has broken out to the upside, so it looks for now as if no big deal that thisbreaks the relationship up til now where $ weakness equaled market strength and $ strength equaled market declicnes......

D