Posted on 05/13/2009 8:26:13 PM PDT by Shellybenoit
Judicial Watch has gotten its hands on some key documents from the original Bank/Treasury Department meetings. Some of the revelations are stunning. For example the segment of the one of the documents shown above, confirm that former Treasury Secretary Hank Paulson abused his power by threatening to have regulators go after the CEOs' nine major banks should they refuse participate. They had no choice but to allow the government to take equity stakes in their institutions. The documents also show Obama Treasury Secretary Tim Geithner, FDIC Chairman Shelia Blair, and Fed Chairman Ben Bernanke co-hosted the meeting with Paulson.
Other things included in the Judicial Watch Reports include
(Excerpt) Read more at yidwithlid.blogspot.com ...
Ping for later.
This matches the youtube report by Judge Napolitano of Fox News who claims that one of the bank CEO’s approached him. The bank CEO said that healthy banks were threatened with bank audits if they didn’t take the TARP money.
However, I believe this report may have incorrect analysis. I thought the original funds did not convey equity. Is that not the case?
The most interesting thing in these documents is that Obama has refused to produce Geithner’s proposed edits of the talking points.
The crazy thing is that liberals screamed about Bush administration abuse of power yet they are silent about this.
Next up will be Obama’s brownshirts. They will go after the average citizen who does not toe the line.
Exactly - i thought the same thing as i pushed the post button, lol
I do not expect a long term attempt here in Texas, the last attempt at subjecting the population here did not last long, and has not been tried again for over 120 years.
As I understand it, the government was issued preferred stock which is equity but doesn't include voting rights.
So maddening add this to the FAKE outrage when they claimed they did not know about the AIG bonus’s. Did you see that article yesterday where they found proof they knew way ahead of time?”
BI also has a piece on this
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