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To: Toddsterpatriot

Goldman Sachs was converted from a investment bank to a commercial bank one Weekend in order to ensure it receive the TARP funds by Hank Paulson (former CEO of Goldman Sachs).


31 posted on 04/02/2011 8:37:59 PM PDT by Sprite518
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To: Sprite518
Goldman Sachs was converted from a investment bank to a commercial bank one Weekend

OMG! That's awful.

in order to ensure it receive the TARP funds

Ummmmmm.....I don't think you needed to be a commercial bank to get TARP. AIG, CIT, GM, F, FNM, and FRE received TARP funds and aren't commercial banks.

I think you're confusing Treasury/TARP with Federal Reserve/Discount Window.

32 posted on 04/02/2011 8:52:37 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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