 Z801 point 77Premium
join:2009-08-31
Amerika
4 edits | It was take it - or - take it with Bush's Paulson.
"We don't believe it is tenable to opt out because doing so would leave you vulnerable and exposed. If a capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance. And then the amounts in billions the banks were forced to take were just 'penciled in' to the agreements without much thought (as evidenced by the GS amount changing, again in pen from $20B to $10B on a whim). It is disgusting. The agreements are Dear A$ letters, enter bank name "here", enter amount of taxpayer money they will get "here". And that evening the CEOs were expected to call their boards telling them they were participating. It real-world Godfather fashion, Paulson made them an offer they could not refuse.
»video.foxbusiness.com/5028543/pa···f7342f02
Copies of the docs referenced in the video item
»www.businessinsider.com/uncovere···h-2009-5
Some were forced, whether they actually needed/wanted it or not and then under Geithner some were stonewalled when they wanted to pay it back.
»online.wsj.com/article/SB1238798···163.html
»video.foxbusiness.com/5028543/pa···f7342f02 |
