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Inspector General: Treasury Secretary Forced Banks to Surrender Ownership Interest to

Discussion in 'News & Current Events' started by Revmitchell, Oct 6, 2009.

  1. Revmitchell

    Revmitchell Well-Known Member
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    In a new report, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP), reveals that then-Treasury Secretary Henry Paulson and key federal regulators forced the nation’s nine largest financial institutions to take billions in taxpayer bailout dollars in October 2008, threatening that if the banks refused, the government would take their stock shares anyway.

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