Talk of The Villages Florida - View Single Post - What's this!!!
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Old 04-03-2009, 08:37 PM
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"Yesterday, four small banks became the first in the country to pay back taxpayer money received from the government. The banks – Old National Bancorp of Indiana, IberiaBank of Louisiana, Bank of Marin Bancorp in California and Signature Bank of New York – returned a total of $338 million to the Treasury. That’s a tiny fraction of the nearly $200 billion in capital provided to banks under the government’s TARP program, but the amounts are expected to swell as more banks join the queue to hand back their subsidies."

http://blog.heritage.org/2009/04/01/...y-media-frets/

"The five banks were eager to repay the funds in order to shed the 5 percent dividend the money carried along with several restrictions on business practices"

http://www.allheadlinenews.com/articles/7014665887

There have been rumors of the "stong arm tactics" but to me anyway, there are simply rumors at this point !!!