Amazon Deals

New at Amazon

Friday, January 8, 2010

Video: How banks got strongarmed into TARP

Via Captain Ed at Hot Air.

"John Allison, CEO of BB&T, not only didn’t want TARP money but openly opposed the program altogether, lobbying Congress against it.  After all, BB&T had made wiser decisions and by normal standards was overcapitalized even after the financial collapse. Allison tells how Ben Bernanke became Time’s Person of the Year by pressuring healthy banks to take TARP money in order to hide which banks were actually in trouble."

No comments:

Post a Comment