Paulson told 9 bank CEOs they were required to take TARP money,...

Full story: Newsday

The chief executives of the nine largest U.S. banks had no choice but to accept capital infusions from the Treasury Department in October, government documents have confirmed.

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Long Island Taxpayer

Astoria, NY

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#1
May 15, 2009
 
The feds forced the banks to take the TARP funds as the first step in federalization of the banks. This was all orchestrated by Congress.

Now the banks want to return the money and the feds are coming up with rules and regulations to prevent the return of the money.

This further supports Bank of America's claim that they were forced by the feds in December to complete the purchase of Merrill Lynch when they wanted to cancel the deal when Bank of America found out how bad off Merrill Lynch was financially

Since: Jul 11

Laurel, MD

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#2
Jan 8, 2014
 
Only in America

Since: Jul 11

United States

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#8
Saturday Jun 21
 
No Sirprize here

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