Sunday, May 17, 2009

When Paulson said to the banks: "Sign the Gift Certificates or else."

Business Insider has actual documents from the October 13th meeting between former Treasury Secretary Hank Paulson and the heads of nine major banks. It was at this meeting that the bankers were "encouraged" to sign agreements to sell shares in their banks to the government.
Documents Reveal How Paulson Forced Banks To Take TARP Cash
Note the statement in the first document:
If a capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance.
Here, then, are the actual "Gift Certificates" signed at that meeting.

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