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Politics : Politics for Pros- moderated
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To: Elroy who wrote (366199)5/26/2010 6:13:13 PM
From: D. Long4 Recommendations  Read Replies (1) of 793958
 
buy equity stakes in the banks that required funding

That's what the TARP statute provided for, with the shares non-voting unless specifically opted. Like most things, the feds didn't follow their own law.

That was one of the most egregious things about the auto takeover - the feds should have had no say compared to the bond holders and voting shares. It was lawless.
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