Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Fresh Wind; iThinkBig
I did just what you suggested about a week ago. Screw W**** F****.

As others have pointed out, your anger is misplaced.

Wells Fargo was one of the banks that was arm-twisted into accepting TARP funds. They didn't ask for it, and they didn't need it.

But, the Treasury Dept. wanted to avoid the perception that only some banks were "in trouble" and needed the funds. To avoid a run on those banks (and exacerbating their very real problems), the other banks were "convinced" to accept bailout funds they didn't need.

41 posted on 03/25/2009 3:40:23 PM PDT by justlurking (The only remedy for a bad guy with a gun is a good guy with a gun.)
[ Post Reply | Private Reply | To 31 | View Replies ]


To: justlurking
As others have pointed out, your anger is misplaced.

Wrong. TARP wasn't the only reason I dumped Wells-Walkoverya.

48 posted on 03/25/2009 5:15:29 PM PDT by Fresh Wind (Hey, Obama! Where's my check?)
[ Post Reply | Private Reply | To 41 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson