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To: Toddsterpatriot

Go back and read your history
TARP wasn’t even voted on until 4 October 2008
The first “allocations” for “stock purchase” in the banks were made on 28 October

Paulson summons bankers to DC and warns them to take the TARP money..... or else

By November Pelosi et al were hammering on Bush to use TARP money to save GM. Bush caved. By December TARP money was flowing into GM and the UAW

The democrats were also hammering Bush to ask for and release the entire $700 Billion in TARP before obama took office so he could have all the money to use. Bush caved. 8 days before the inauguration Bush asked that all TARP be released. It was.

obama and Larry Summers vowed to institute controls over TARP
http://moneymorning.com/2009/01/13/obama-tarp/

By Feb 2009 about $300 Billion of the $700 Billion was spent
In March obama summons the bankers to DC and tells them they cannot simply repay TARP Paulson forced on them, and they better spread the wealth because he is all that stands between them and “the pitchforks”
http://dealbook.nytimes.com/2009/03/24/obama-is-expected-to-meet-with-top-bankers/

By June 2009 the top 10 banks that Paulson forced to take TARP, repay TARP (with interest) despite Geithner obstacles to them doing so, to get govt out of their executive boardroom decisions.
http://dealbook.nytimes.com/2009/06/17/jpmorgan-repays-treasury-as-tarp-exits-continue/


27 posted on 07/27/2012 3:27:26 PM PDT by silverleaf (Every human spent about half an hour as a single cell)
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To: silverleaf
The bank TARP was doled out while Bush was President. Before the election for the biggest banks.

Go back and read your history
TARP wasn’t even voted on until 4 October 2008
The first “allocations” for “stock purchase” in the banks were made on 28 October

I've read my history. That's how I knew that October 28th was before the election.

WSJ

28 posted on 07/27/2012 3:38:32 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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