Paulson told 9 bank CEOs they were re...

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

There are 3 comments on the Newsday story from May 14, 2009, titled Paulson told 9 bank CEOs they were required to take TARP money,.... In it, Newsday reports that:

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.

Join the discussion below, or Read more at Newsday.

Long Island Taxpayer

Brooklyn, NY

#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

Location hidden

#2 Jan 8, 2014
Only in America

Since: Jul 11

Location hidden

#8 Jun 21, 2014
No Sirprize here

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

US Treasury Discussions

Title Updated Last By Comments
News Dakota Access protest policing costs exceed $22M Jan 13 BHM5267 14
News US deficit now lowest since 2007 (Oct '15) Dec '16 Self Deportation 75
News US payment of $1.7 billion to Iran made entirel... Sep '16 Disclaimer 55
News Maxine Waters Won't Be Charged With Ethics Viol... (Sep '12) Sep '16 Slade surfer Thom... 15
News Obama's own administration now fighting back (Jun '16) Jun '16 THINKEROO 2
News New U.S. sanctions concession to Iran may be in... (Mar '16) Apr '16 Sammy 2
News Senate Bill Would Block IRS from Collecting Soc... (Dec '15) Dec '15 private guy 1
More from around the web