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BB&T Corporation Message Board

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  • dm5t9ac dm5t9ac Mar 2, 2009 4:06 PM Flag

    Bank returned the money

    As the previous poster said, CPP was part of the original TARP legislation. The government bought preferred shares issued by the banks. It was intended to further bolster capital in banks so they could increase lending.

    TARP = Troubled Asset Relief Program was supposed to be where the government was going to buy troubled assets from the banks. I'm not even sure they've bought anything under the TARP part of the legislation.

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