{"id":1571,"date":"2008-10-22T11:03:26","date_gmt":"2008-10-22T15:03:26","guid":{"rendered":"https:\/\/blacknell.net\/dynamic\/?p=1571"},"modified":"2008-10-22T11:03:26","modified_gmt":"2008-10-22T15:03:26","slug":"who-could-have-guessed","status":"publish","type":"post","link":"https:\/\/blacknell.net\/dynamic\/2008\/10\/22\/who-could-have-guessed\/","title":{"rendered":"Who Could Have Guessed?"},"content":{"rendered":"<p>That bailout money that went to banks so they could provide that so-essential-we-need-it-yesterday liquidity to the market?\u00c2\u00a0 The banks seem to think they&#8217;ve found a better use for it.\u00c2\u00a0 <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2008\/10\/21\/AR2008102102520_pf.html\">Buying other banks<\/a>:<\/p>\n<blockquote><p>Several major U.S. banks are leaning toward spending a portion of their federal rescue money on acquiring other financial firms rather than for issuing new loans, the primary purpose of the government&#8217;s $250 billion initiative to invest in banks.<\/p>\n<p><a href=\"http:\/\/financial.washingtonpost.com\/custom\/wpost\/html-qcn.asp?dispnav=business&amp;mwpage=qcn&amp;symb=JPM&amp;nav=el\">J.P. Morgan Chase<\/a>, <a href=\"http:\/\/financial.washingtonpost.com\/custom\/wpost\/html-qcn.asp?dispnav=business&amp;mwpage=qcn&amp;symb=BBT&amp;nav=el\">BB&amp;T<\/a>, and <a href=\"http:\/\/financial.washingtonpost.com\/custom\/wpost\/html-qcn.asp?dispnav=business&amp;mwpage=qcn&amp;symb=ZION&amp;nav=el\">Zions Bancorporation<\/a> have all said in recent days that they are considering using some of their federal money to buy other banks.<\/p>\n<p>About 10 financial institutions belonging to the Financial Services Roundtable, which represents 100 of the nation&#8217;s largest financial services firms, are also considering making acquisitions with the money, said Scott Talbott, the group&#8217;s senior vice president.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>That bailout money that went to banks so they could provide that so-essential-we-need-it-yesterday liquidity to the market?\u00c2\u00a0 The banks seem to think they&#8217;ve found a better use for it.\u00c2\u00a0 Buying other banks: Several major U.S. banks are leaning toward spending a portion of their federal rescue money on acquiring other financial firms rather than for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"","footnotes":""},"categories":[6,8],"tags":[],"class_list":["post-1571","post","type-post","status-publish","format-standard","hentry","category-policy","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"That bailout money that went to banks so they could provide that so-essential-we-need-it-yesterday liquidity to the market?\u00c2 The banks seem to think they&#039;ve found a better use for it.\u00c2 Buying other banks: Several major U.S. banks are leaning toward spending a portion of their federal rescue money on acquiring other financial firms rather than for\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"MB\"\/>\n\t<meta name=\"keywords\" content=\"policy,politics\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/blacknell.net\/dynamic\/2008\/10\/22\/who-could-have-guessed\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Blacknell.net | Politics, open government, and safe streets.  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