billw wrote:Richard the way you're making it sound is that the banks were forced into taking this money for no reason other than a government take over.
The banks in question DIDN'T want or need the money assuming the article is correct and they can't give it back at least at the moment. Both articles are referencing healthy institutions. As I understand if the bank has tarp funds they are going to fall under any legislation that controls them such as what compensation, etc. If they were forced to take the money and the government is now dictating how they business, what else would you call it?
Here's quote from another article:
http://www.businessandmedia.org/article ... 85152.aspx
“This person runs a bank that’s worth about $250 billion, it has no subprime loans, it has no bad debts, wasn’t involved in credit default swaps,” Napolitano said. “It didn’t need any money. It didn’t ask for the money and didn’t want it. The FDIC with Treasury backing – officials from both the Federal Deposit Insurance Corporation and the Treasury said if you don't take this money, we will conduct a multi-year public audit of you.”
More video on that link too.