Wait one cotton pickin' minute... Are any of these #BailOutBanks asserting to be Creditors to the people and stealing homes and other property? "The Capital Purchase Program (Banks) On October 14, 2008, the Treasury Department used $105 billion in TARP funds to launch the Capital Purchase Program (CPP).1 The U.S. government then purchased preferred stock in eight banks: Bank of America/Merrill Lynch Bank of New York Mellon Citigroup Goldman Sachs J.P. Morgan Morgan Stanley State Street Wells Fargo The program required banks to give the government a 5% dividend that would increase to 9% in 2013. That encouraged banks to buy back the stock within five years. Hank Paulson, then Secretary of the Treasury, knew the government would make a profit when the economy began to grow again." https://www.thebalance.com/tarp-bailout-program-3305895

Posted by MalikaDulce at 2020-09-26 04:22:39 UTC