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'We didn't want the money. Paulson MADE us take it' [View All]

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denem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 06:23 PM
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'We didn't want the money. Paulson MADE us take it'
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There are no words adequate to describe these wriggling slimy maggots now unable to stomach an pittance of regulation for their billions. Well boys and gals, regulation is coming whether you like it or not. You just don't get it.
Reuters: Goldman Sachs' speed to repay TARP may spur others

... Some banks regret participating in TARP, including Wells Fargo & Co, which took $25 billion it did not want because former Treasury Secretary Henry Paulson told it to.

Some of the vitriol results from a rule that lets the government unilaterally impose new restrictions.

It did that last month by capping executive bonuses, and could do so again once the Senate considers the fate of AIG bonuses. Last week's House of Representatives bill setting a 90 percent tax would also hit bonuses for thousands of workers at other banks nationwide, a form of guilt by association that banks say would cause good employees to flee.

"Is this America, when you can do what your government asks you to do and then retroactively you also have additional conditions put on?" Wells Fargo Chairman Richard Kovacevich said on March 13 in comments at Stanford University.

http://www.reuters.com/article/reutersEdge/idUSN2437529920090324?pageNumber=2&virtualBrandChannel=0

It's not a 90% tax they are bitching about. The House Bill is going nowhere, it's any regulation, especially, of their precious bonuses. Fuck you. The public have had ENOUGH. Deal with that.
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