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lquadland10 (< 20)

I have a question about the IMF.

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February 06, 2009 – Comments (2) | RELATED TICKERS: GLD , ABX , AUY

If the IMF (FED) strong armed the banks and told them they had to accept the Tarp money; would that then be considered Blackmail and Racketeering on a domestic and international level. Would not the FBI or who ever prosecutes these crimes be required to investigate and bring charges against the people who committed these crimes? Would congress members on the banking committee also be charged because they authorized it? Just wondering.

2 Comments – Post Your Own

#1) On February 06, 2009 at 4:07 PM, JIW33103 (44.16) wrote:

We all know how much having your Big Brother or your Uncle Sam help does for you.  Think about it for a mo, the Bush administration wanted to put SS money into the stock market, but got a lot of rebuttal, then came the high oil prices and the financial crisis.  Then came the TARP money and make up all the rules for the recipients and how to pay it back, and how they will operate till then. Now you have SS dollars in the Stock Market;./';./';.......did I say that right, I mean tax dollars in the Stock Market::::::::......oooooooops.  I mean nice pretty new printed greenbacks in the financil markets, who do you think will be the winner when the capital comes home.   

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#2) On February 06, 2009 at 4:17 PM, TMFAleph1 (94.94) wrote:

lquadland --

I think you may be confused on this point: the International Monetary Fund (IMF) was not a party to the TARP discussions in which the U.S. Treasury and the Federal Reserve strong-armed 9 major U.S. banks into accepting a capital injection from the government. Furthermore, the IMF and the Fed are two completely distinct organizations.

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