Treasury Secretary Forced Banks into Government Take-Overs

Tuesday, October 6, 2009

(CNSNews.com) – In a new report, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP), reveals that then-Treasury Secretary Henry Paulson and key federal regulators forced the nation’s nine largest financial institutions to take billions in taxpayer bailout dollars in October 2008, threatening that if the banks refused, the government would take their stock shares anyway.

This entry was posted on Tuesday, October 6th, 2009 at 12:50 pm and is filed under Sex & Metropolis. You can follow any responses to this entry through the RSS 2.0 feed. | 154 views | Trackback | Print this page |

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Treasury Secretary Forced Banks into Government Take-Overs

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