Ryan works in Salt Lake City as a branch manager in the financial services industry. He is currently enrolled in the MBA program at Westminster College.
Melissa is working for an engineering firm in Salt Lake called Nexant, and loving it.
Their current hobbies consist of cycling, skiing, photography, taking care of their various farm animals (squirrels and ducks), and relaxing in The Sanctuary.
by the way my dad works for wells fargo and they didn't have a choice whether or not to take the money. the were told they had to take it when they tried to turn it down
While they may have been forced to accept the bailout money in order to prevent the collapse of the banking system, they weren't forced to make the bad managerial and lending decisions in the past that put them in the situation of requiring bailout money in the first place. There are many financial institutions that are very well-capitalized and are in no way requiring bailout money.
Also, just because they were required to take the money (which is an idea I tend to view with a LOT of skepticism anyway), it is in no way an excuse to squander that money now that they have received it.
I have to give Wells Fargo credit, however. They're the first financial institution that is actually beginning the dividend payment of the TARP funds that they received payable on February 15th. While this only represents 1.5% of the total money borrowed, it's at least a start.
2 comments:
by the way my dad works for wells fargo and they didn't have a choice whether or not to take the money. the were told they had to take it when they tried to turn it down
***Please note that this is MY OPINION only***
While they may have been forced to accept the bailout money in order to prevent the collapse of the banking system, they weren't forced to make the bad managerial and lending decisions in the past that put them in the situation of requiring bailout money in the first place. There are many financial institutions that are very well-capitalized and are in no way requiring bailout money.
Also, just because they were required to take the money (which is an idea I tend to view with a LOT of skepticism anyway), it is in no way an excuse to squander that money now that they have received it.
I have to give Wells Fargo credit, however. They're the first financial institution that is actually beginning the dividend payment of the TARP funds that they received payable on February 15th. While this only represents 1.5% of the total money borrowed, it's at least a start.
Post a Comment