Angry about the billions of taxpayer dollars poured into TARP, the Troubled Asset Relief Program (With a Heart of Gold)? Well, here's some good news: the CEOs of the banks that received those funds hate it just as much as you do, if not more.
In fact, the word on the Street today is "getting out of TARP," which is code for "getting out from under Treasury's naggy restrictions on executive compensation, asset disclosure, private jets, escorts and etc." Banks are trying to escape this financial Gitmo by repaying the TARP funds, but their egos will take longer to recover.
Which may explain why, at a recent conference in New York City, JPMorgan Chase CEO Jamie Dimon read this snarky little note he composed for Handsome Treasury Elf Tim Geithner…
“Dear Timmy, we are happy to be able to pay back the $25 billion you lent us. We hope you enjoyed the experience as much as we did.”
Ha ha ha! That's rich. Much like Jamie Dimon.
Kinda reminds me of this one time when I slipped on some ice and bashed my head open on the sidewalk. Man, I just let those loser paramedics have it, all the way to the ER.
Tags: Banks, TARP, Timothy Geithner