# Wouldn't it be funny if Buffalo was at the front of the economic recovery? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [April 16, 2009, 7:19am UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252 "2009-04-16T07:19:20Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [April 16, 2009, 7:19am UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/1 "2009-04-16T07:19:20Z")
> [First Niagara Financial Group](http://www.fnfg.com/), a growing local bank with roots in Western New York going back 130 years, raised $313 million in a common equity offering which was led by Keefe, Bruyette & Woods and Goldman Sachs. According to First Niagara management, some of this new capital will be used to pay back the US government and effectively buy First Niagara out of the [TARP program](http://en.wikipedia.org/wiki/TARP). First Niagara will be one of the first banks to buy their shares back from the government and get out of the program. Yeah, that’d be funny. [http://www.buffalorising.com/2009/04/first-niagara-raises-money-to-pay-back-feds.html](http://www.buffalorising.com/2009/04/first-niagara-raises-money-to-pay-back-feds.html) ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 16, 2009, 7:32am UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/2 "2009-04-16T07:32:10Z")
now that the new gov’t crew actually puts restrictions on the TARP funds (what you can do with them, how much you can pay your execs, bonuses, etc.) you can see who took TARP funds that really didn’t need them. They’re all the ones offering up more stock to get out now. ---
**Author:** ![Penfold](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/penfold/32/5007_2.png) [@Penfold](https://forums.speedlife.net/u/Penfold)\ **Post date:** [April 16, 2009, 9:22am UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/3 "2009-04-16T09:22:20Z")
Well, there have been plenty of reports that many solvent banks were forced to take the funds. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [April 16, 2009, 9:25am UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/4 "2009-04-16T09:25:37Z")
Delightfully fucked up system isn’t it? Either way, nice to see a local business being one of the first to say no to socialism. :tup: ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 16, 2009, 9:55am UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/5 "2009-04-16T09:55:58Z")
> [@Penfold](#): > > Well, there have been plenty of reports that many solvent banks were forced to take the funds. Hardly. We own the biggest subprime lender in the nation and we never even considered it. Unless you mean that they were forced by losing ground to their competitors who were all benefitting from near-free money. ---
**Author:** ![AKUMA\_TO\_TENSHI](https://avatars.discourse-cdn.com/v4/letter/a/db5fbb/32.png) [@AKUMA\_TO\_TENSHI](https://forums.speedlife.net/u/AKUMA_TO_TENSHI)\ **Post date:** [April 16, 2009, 6:25pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/6 "2009-04-16T18:25:46Z")
I won’t call recovery until a rate increase from the Fed. As for Buffalo being in the front of the recovery. No comment. The Rosseta Stone IPO was nice today. Akuma ---
**Author:** ![travisn](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/travisn/32/5046_2.png) [@travisn](https://forums.speedlife.net/u/travisn)\ **Post date:** [April 16, 2009, 6:32pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/7 "2009-04-16T18:32:19Z")
> [@AKUMA TO TENSHI](#): > > I won’t call recovery until a rate increase from the Fed. I like the way you think… ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/2X/b/b7170c8eddc0b95ece6b88172b2f416a08489a45.png) [@system](https://forums.speedlife.net/u/system)\ **Post date:** [April 17, 2009, 4:04pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/8 "2009-04-17T16:04:29Z")
[http://realestate.yahoo.com/promo/us-cities-where-its-hardest-to-get-by.html;\_ylc=X3oDMTFwbjgyamRuBF9TAzI3MTYxNDkEX3MDOTc2MjA0NjUEc2VjA2ZwLXRvZGF5BHNsawNoYXJkZXN0LXRvLWdldC1ieQ--](http://realestate.yahoo.com/promo/us-cities-where-its-hardest-to-get-by.html;_ylc=X3oDMTFwbjgyamRuBF9TAzI3MTYxNDkEX3MDOTc2MjA0NjUEc2VjA2ZwLXRvZGF5BHNsawNoYXJkZXN0LXRvLWdldC1ieQ--) Top five in the nation! For Hardest to get by… ---
**Author:** ![travisn](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/travisn/32/5046_2.png) [@travisn](https://forums.speedlife.net/u/travisn)\ **Post date:** [April 17, 2009, 5:25pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/9 "2009-04-17T17:25:09Z")
> [@Bastinado](#): > > [http://realestate.yahoo.com/promo/us-cities-where-its-hardest-to-get-by.html;\_ylc=X3oDMTFwbjgyamRuBF9TAzI3MTYxNDkEX3MDOTc2MjA0NjUEc2VjA2ZwLXRvZGF5BHNsawNoYXJkZXN0LXRvLWdldC1ieQ--](http://realestate.yahoo.com/promo/us-cities-where-its-hardest-to-get-by.html;_ylc=X3oDMTFwbjgyamRuBF9TAzI3MTYxNDkEX3MDOTc2MjA0NjUEc2VjA2ZwLXRvZGF5BHNsawNoYXJkZXN0LXRvLWdldC1ieQ--) > > Top five in the nation! > > For Hardest to get by… wow: > Buffalo is a fading Rust Belt city ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [April 17, 2009, 8:09pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/10 "2009-04-17T20:09:20Z")
Ha ha funny or strange funny? ---
**Author:** ![dirtye30](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dirtye30/32/7333_2.png) [@dirtye30](https://forums.speedlife.net/u/dirtye30)\ **Post date:** [April 17, 2009, 9:16pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/11 "2009-04-17T21:16:32Z")
> [@Blue Eyed Devil](#): > > Ha ha funny or strange funny? rita rudner funny ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [July 15, 2012, 12:12pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/12 "2012-07-15T12:12:00Z")
BUMP… Buffalo is still in the running considering it is 3 years later with no real recovery. lol I mean maybe the bailout companies have recovered somewhat but… Edit: At least we are sutting down those rogue children’s lemonade stands because they didn’t give the govt their $400 payoff to do business in their neighborhood. That ought to help the economy, I mean how else can we get this money to the bankers? It kind of makes sense now why bankers always want copies of your permits before they loan you money. ---
**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\ **Post date:** [July 15, 2012, 3:20pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/13 "2012-07-15T15:20:36Z")
HSBC never had to use the TARP program ---
**Author:** ![1QIKZ](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/1qikz/32/6112_2.png) [@1QIKZ](https://forums.speedlife.net/u/1QIKZ)\ **Post date:** [July 15, 2012, 4:03pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/14 "2012-07-15T16:03:33Z")
^No one cares. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [July 15, 2012, 4:23pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/15 "2012-07-15T16:23:32Z")
> [@AKUMA TO TENSHI](#): > > I won’t call recovery until a rate increase from the Fed. As for Buffalo being in the front of the recovery. No comment. The Rosseta Stone IPO was nice today. > > Akuma How ya been man, long time no chat? I’m with you…recovery achieved would mean rates don’t need to be essentially 0% any more. America…FUCK YEAH! ---------- Post added at 07:23 PM ---------- Previous post was at 07:22 PM ---------- > [@ubengineering](#): > > HSBC never had to use the TARP program Fuck HSBC. Just sayin. 😉 ---
**Author:** ![Jon](https://avatars.discourse-cdn.com/v4/letter/j/3bc359/32.png) [@Jon](https://forums.speedlife.net/u/Jon)\ **Post date:** [July 15, 2012, 4:36pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/16 "2012-07-15T16:36:06Z")
> [@TradersBASE](#): > > How ya been man, long time no chat? I’m with you…recovery achieved would mean rates don’t need to be essentially 0% any more. America…FUCK YEAH! > > ---------- Post added at 07:23 PM ---------- Previous post was at 07:22 PM ---------- > > Fuck HSBC. Just sayin. 😉 and just think…he said that 3+ years ago lol ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [July 15, 2012, 4:50pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/17 "2012-07-15T16:50:03Z")
> [@Jon](#): > > and just think…he said that 3+ years ago lol He and I have been pretty much on the same page for many years. He’s fairly quiet on the webz though…I’m loud with it so I sport a tin foil hat. LOL Recovery means different things to different people. Higher stock prices doesn’t necessarily indicate an underlying economic recovery. I cannot trust any “recovery” until there is job recovery behind the move. Growth and inflation are not the same thing despite both causing prices to rise. In a nutshell anyhow. 😉 ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [July 15, 2012, 10:19pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/18 "2012-07-15T22:19:23Z")
HSBC never had to touch TARP because all of their eggs weren’t in the US basket. Not to mention, they are not a US bank, so they would have had to use the British version that was far more restrictive and costly to banks. That said, buy their stock and make it go above 50. You can dump it August 2nd. Thanks! ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [July 15, 2012, 10:48pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/19 "2012-07-15T22:48:19Z")
We having a hookers and blow party Aug 2nd? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [July 15, 2012, 11:23pm UTC](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252/20 "2012-07-15T23:23:19Z")
At this rate, peanuts and WPop ☹ [Next page](https://forums.speedlife.net/t/wouldnt-it-be-funny-if-buffalo-was-at-the-front-of-the-economic-recovery/66252.md?page=2)