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As credit markets froze, banks loaned millions to insiders

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marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:24 AM
Original message
As credit markets froze, banks loaned millions to insiders
CHARLOTTE, N.C. — Banks nationwide hold $41 billion in loans to directors, top executives and other insiders, a portfolio that experts say should be stripped of secrecy. http://www.mcclatchydc.com/homepage/story/64551.html
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panAmerican Donating Member (864 posts) Send PM | Profile | Ignore Tue Mar-24-09 09:30 AM
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1. Shouldn't be surprised. Bankers take care of their own, first and foremost.
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marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:44 AM
Response to Reply #1
2. the AMOUNTS of these insider loans
are outrageous!!! and the timing, they KNEW what was coming down the road so they lined their pockets....
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Bill219 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:51 AM
Response to Original message
3. this is criminal
or at least it should be
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Oregone Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 10:13 AM
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4. And what may also be outrageous is the rates these people got these loans at
Im assuming, based on a family friend who was given a credit line, it was far under prime. Its nice to be rich.
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glitch Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 10:21 AM
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5. Toxic asses, yeah let's trust them not to game the bailout. nt
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 01:02 PM
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6. K & R n/t
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