Obama's remarks on the US Auto Industry

[De Selby]

Tell that to the banks that were forced to take TARP monies they neither wanted nor had need of.

I'd be interested to hear of this bank and how it was forced to take money.

As for Chrysler's bailout, it allowed Chrysler to bounce on its debts, to the tune of sticking creditors with a good 70 percent loss.

Also, it was enacted by the President that many on this forum consider to be the historical Obama - Jimmy Carter.  http://www.presidency.ucsb.edu/ws/index.php?pid=32978

The loan guarantees will not be made by the Federal Government unless the other contributions or concessions are given to Chrysler by its own owners, stockholders, administrators, employees, dealers, suppliers, foreign and domestic financial institutions, and by State and local governments. It's got to be a package deal, and everyone understands this. And because they have already probed for the best possible interrelationship to form a team to protect Chrysler's viability, I believe there's a good chance that this package will be put together.

Here's a good article about how the Chrysler bailout compares to the most recent bailout plans:

http://assets.opencrs.com/rpts/R40005_20081217.pdf

A board that oversaw Chrysler management and conditioned all the money on Chrysler's continued operation in accordance with the Government's requirements? Hrmmm...looks a lot like what they're doing to GM.  It's quite difficult to see how the program is different, apart from the direct cash versus guarantee to get cash method.

[RocketMan]

I'd be interested to hear of this bank and how it was forced to take money.

Banks, plural.  This subject falls into the "common knowledge" category as it has been discussed at length here at APS in more than one thread.  Do a search.
There are any number of news stories available on the web from main stream outlets, as well.  It's not WND stuff.  Google is your friend.

[RadioFreeSeaLab]

On banks forced to take TARP money, and banks trying to pay it back, but not being allowed to.

http://online.wsj.com/article/SB123879833094588163.html

[makattak]

On banks forced to take TARP money, and banks trying to pay it back, but not being allowed to.

http://online.wsj.com/article/SB123879833094588163.html

http://www.washingtonpost.com/wp-dyn/content/article/2008/10/14/AR2008101403378.html

And another.

From the article,

Regulators said some banks will be pressed to take the taxpayer dollars anyway. Others banks judged too sick to save will be allowed to fail.