{"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,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"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":[],"_links":{"self":[{"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/posts\/1571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/comments?post=1571"}],"version-history":[{"count":1,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/posts\/1571\/revisions"}],"predecessor-version":[{"id":1572,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/posts\/1571\/revisions\/1572"}],"wp:attachment":[{"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/media?parent=1571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/categories?post=1571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/tags?post=1571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}