Thursday, May 14, 2009

Documents Reveal How Paulson Forced Banks To Take TARP Cash

The first 1-pager is Paulson's talking points for the bank. It basically confirms that he put a gun to all their heads. It says they must agree to take their cash, and that if they protested, then each bank's regulator would force them to take it anyway. The next document is perhaps even more mindblowing. It's the one-page agreement whereby

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