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Friday, May 8, 2009

Treasury Guidelines Make it Hard for Banks to Repay TARP Funds - Video 5/8/09


Here is Fox Business Channel video laying out the rules the U.S. Treasury Department has issued to Banks that want to pay back TARP money received from the government. This is exclusive information obtained by Fox Business Channel. It appears the rules are designed to make it very hard for banks to pay the money back, even though quite a number of them want to do so. This, of course, keeps the government very much in control when banks are beholden to them for the TARP funds.

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