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Friday, April 17, 2009
Treasury Allows New Bank to Return TARP Funds, Keeps Other Bank Waiting
A moderately long story, but interesting. All the TARP funds are true loans, with the banks paying 5% interest back to the government. The feds encouraged healthy banks to take the loans to soften the effect of weak banks, then the feds use the loans as an excuse to control ALL the banks. When the Mafia made someone a 'deal they couldn't refuse', the government (Democrats) made notes for a rainy day (crises not to waste).
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