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Even chief financial officers at public companies are concerned that TARP funds will be used for something other than stabilizing the economy.

A poll of CFOs conducted by CFO.com found that top financial officers are skeptical about how the funds will be used:
  • 40% said that too much of the bailout funds will flow into the pockets of executives.
  • 58% think that too much of the money will be used to finance acquisitions.
  • 48% think that banks will use a larger than necessary chunk of the money to strengthen their reserves instead of lending it out.
When CFOs are questioning the bailout just as much as Average Joe's, it's time for the federal government to rethink what it's doing. The New York Times reports that the first Government Accountability Office report on the implementation of the $700 billion bailout is "expected to be critical of the Treasury Department's failure to set up ways to track how its bailout money is being used in the marketplace."

Add the lack of oversight to the fact that the dispersal of being funds is being managed by a former CEO of Goldman Sachs (NYSE: GS) and others with strong ties to Wall Street, and it's amazing that there hasn't been even more outrage than there is.

CFOs bearish on the bailout originally appeared on BloggingStocks on Wed, 26 Nov 2008 15:05:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BailoutCFO.comChief Financial officersChiefFinancialOfficersinthenewsTARPWed, 26 Nov 2008 15:05:00 EST<![CDATA[IPO Comeback? Really?]]>http://www.bloggingstocks.com/2007/02/01/ipo-comeback-really/http://www.bloggingstocks.com/2007/02/01/ipo-comeback-really/http://www.bloggingstocks.com/2007/02/01/ipo-comeback-really/#commentsFiled under:

Usually about this time of the year, there is a variety of stories that predict a comeback in the IPO market. But, of course, it has yet to materialize.

Basically, the dot-com implosion left many scars. Besides, with Sarbanes-Oxley, it is much more expensive to go public.

According to a recent piece in CFO.com, however, there are optimists out there.

Why might we see a comeback this time? Well, VCs and private equity firms need to get liquidity.

Besides, the portfolio companies have had lots of time to refine their business models and demonstrate their growth prospects. In other words, there are plenty of high-quality companies that should get the attention of investors.

No doubt, the recent strength in the equity markets may certainly be a big help. This was likely a key reason for the big-pick in IPOs during the fourth quarter.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

IPO Comeback? Really? originally appeared on BloggingStocks on Thu, 01 Feb 2007 17:21:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>CFO.comipoIPOsThu, 01 Feb 2007 17:21:00 EST