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re: The Obama Bank Shakedown- "It has nothing to do with justice or restitution"

Posted on 8/27/14 at 12:11 pm to
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
135172 posts
Posted on 8/27/14 at 12:11 pm to
quote:

So they "threatened" give them taxpayer subsidized bail out money with strings attached?


No, some of them were forced to take the bailouts. I'm sure many of the banks who were acting responsibly and didn't need a bailout knew it was a bad idea to accept these funds.
Posted by SpidermanTUba
my house
Member since May 2004
36129 posts
Posted on 8/27/14 at 12:42 pm to
quote:


No, some of them were forced to take the bailouts


They were "forced" to meet capital requirements - as they always have been.

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