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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (681899)10/31/2012 4:20:58 PM
From: combjelly  Read Replies (1) | Respond to of 1573514
 
As part of TARP, the federal government guaranteed BILLIONS in debt that was successfully sold


You are mis-representing how the program operated. Granted, the original plan was to do what you said. But, after meeting with the British, that was scrapped as unworkable. What they wound up doing was to buy preferred stock in the affected banks. Most, if not all, of the banks have since bought back those preferred shares.


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