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Banks Might Be FORBIDDEN to Pay Back Bailout Money
Timmy Geithner offered this little gem yesterday as he testified before a special Federal Commission:
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/21/AR200904...
In other words, if the recipient banks don't want to answer to the feds any longer, and they want to pay back the bailout cash, the government can deny the request and CONTINUE to control them! The lesson? Never make a deal with the Devil.