05
Jun
09

Nationalization of US Banks by Paulson

Long suspsected, now confirmed:

A new report from CNS and Judicial Watch shows that then-Treasury Secretary Henry Paulson told these institutions that if they didn’t accept it voluntarily, the government would force them to take it, and that wasn’t Obama’s call

Given the difficulty banks have had extricating themselves from the program, big government’s motives were exposed.

Here’s a good post tracking TARP funds.

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