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View Full Version : Bloomberg: Frank Says Obama to Force Banks in TARP to Lend More




RonPaulR3VOLUTION
02-02-2009, 08:26 PM
Frank Says Obama to Force Banks in TARP to Lend More

http://news.yahoo.com/s/bloomberg/20090201/pl_bloomberg/ar0avzop4oo_1

Feb. 1 (Bloomberg) -- House Financial Services Committee Chairman Barney Frank said President Barack Obama will require banks receiving government aid to lend more to businesses and consumers, saying the Bush administration “made a mistake” by not setting stricter rules for institutions getting funds from the $700 billion financial-rescue package.

http://www.tickerforum.org/cgi-ticker/akcs-www?post=81302

sevin
02-02-2009, 10:58 PM
kinda like when Fannie Mae was forced to make bad loans? This will not end well.