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@DI wrote:
I don't recall Cap 1 needing to accept TARP money from the government. They obviously doing something right.
@DI wrote:
Actually Cap 1 did use the TARP money buy selling some of its shares,and later bought them back.
Better to be wrong than to contradict yourself.
Now I will have to research the matter.
@Anonymous wrote:
I must be wrong. I thought Cap 1 took over Chevy Chase after getting TARP. I also thought PNC took over Nat City after TARP. Oh well it's hard to keep track. I'm pretty certain though Citi wanted to buy a jet. Wells Fargo wanted to party in Vegas. But not sure if that was before or after they bought Wachovua and B of A did something in China.
Wells Fargo didn't want TARP money at all. They were held hostage in a conference room until they agreed to accept. This is established fact.