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This won't be the last. They will keep changing rules whenever the system is about to go under, lowering the bar again and again.
1 posted on 05/22/2009 8:51:58 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

Ping!


2 posted on 05/22/2009 8:52:31 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster
This isn't a change.

According to Treasury's Capital Purchase Program Term Sheet, the TARP preferred was considered Tier 1 capital from the beginning.
4 posted on 05/22/2009 11:36:26 AM PDT by javachip (TARP - proof there is no situation so bad that government can't make it worse.)
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