Quote:
Originally Posted by tony404
from what I saw on the news the 4.5 would only be for new home buys.The money was given to them to lend not keep. Im watching the hearings today and they spoke that its about time to hold the financial industry accountable for the money they were given and that they didnt do what was promised.
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We agree, they didn't do what they were supposed to do with it, but neither did the government, originally TARP was for buying up toxic assets, how did purchasing direct stakes in banks come about?
They changed the rules in the middle of the game and expected the banks wouldn't do the same?