Now I Know.

Government Extortion

I had asked what threat was brought to bear on the CEO's of Bank of America & Wells Fargo to get them to accept the TARP money. I linked to the NYT article that discussed the use of a threat, but the article did not discuss what the threat consisted of; Now I know.

In this clip, we learn what threat was used and why the CEO's took the money. Once again we have "our government" taking an action that if you or I took would land us in jail.

Keep your powder dry & learn how to purify water.