Documents: Paulson forced 9 bank CEOs...

Documents: Paulson forced 9 bank CEOs to take TARP

There are 9 comments on the TwinCities.com story from May 14, 2009, titled Documents: Paulson forced 9 bank CEOs to take TARP. In it, TwinCities.com reports that:

The chief executives of the country's nine largest banks had no choice but to accept capital infusions from the Treasury Department in October, government documents released Wednesday have confirmed.

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p t bull

Minneapolis, MN

#1 May 14, 2009
Another lawless act that bush and pbo both agreed on. Oh, yes, pbo is so different from bush--lots of change...
tww

Saint Paul, MN

#2 May 14, 2009
There is no constitutional right of the government to force banks to take TARP money. This is an outrage!
Chebama

Saint Paul, MN

#3 May 14, 2009
Or how about the ones that want to pay it back but aren't allowed to? I wish my mortgage company would do that.

JTY

Since: Sep 08

Olathe, KS

#4 May 14, 2009
I wish the government forced me to take 20 billion dollars.

Since: Sep 08

Saint Paul, MN

#5 May 14, 2009
It wasn't unconstitutional in that the banks were not ordered to take the money. They were offered "a deal you can't refuse" a la Tony Soprano.

"Paulson also told the bankers it would not be prudent to opt out of the program because doing so 'would leave you vulnerable and exposed.'"

With the head of the Federal Reserve present, there was no need to explain further.

Since: Jul 11

Location hidden

#6 Jan 12, 2014
"we had no choice" Paulson '07..you call that freedom?

Since: Nov 12

Philippines

#7 Jan 13, 2014
nice thread. thanks for sharing that information. it was very informative.
[url=http://www.legacylegal.co m/credit-education/credit-topi cs/credit-repair-specialist.as p]Credit Repair Specialists[/url]

Since: Jul 11

Location hidden

#8 Jan 15, 2014
Busker Bill wrote:
It wasn't unconstitutional in that the banks were not ordered to take the money. They were offered "a deal you can't refuse" a la Tony Soprano.
"Paulson also told the bankers it would not be prudent to opt out of the program because doing so 'would leave you vulnerable and exposed.'"
With the head of the Federal Reserve present, there was no need to explain further.
Capitalism=credit swaps and corporate bailouts

Ill trade you foodstamps for 1.7trillion dollar Wall St. bailout ..The top 20 highest paid hedge fund managers on Wall St. make as much as all the public k12 teachers in Mississippi,
Ala,Ark-only in America

"..Capitalism its a profitable system,but only if you can afford it..Gorbachev

Where's Karl Marx when you need him
Swedenforever

Hyattsville, MD

#10 Sep 7, 2014
No surprise here

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