[quote=KSMountain]I’ve heard many of the banks were actually forced to take the TARP money against their will, and that much of it has been paid back, is that true?[/quote]
“This is a combined program (bank liability guarantee and capital purchase). Your firms need to agree to both.
*We don’t believe it is tenable to opt out because doing so would leave you vulnerable and exposed
* If a capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance.”
…..
The next document is perhaps even more mindblowing. It’s the one-page agreement whereby each CEO agreed to let the government make its preferred stock injection. As you can see, both the amounts of the injection and the name of the bank are just handwritten scrawl.
