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U.S. Treasury’s TARP Capital Purchase Program: Wells Fargo Press Release

On October 28, 2008, we issued preferred stock and a warrant to purchase our common stock to the U.S. Treasury as a participant in the TARP Capital Purchase Program. On December 23, 2009, we redeemed all of the preferred stock issued to the U.S. Treasury and repaid the entire $25 billion investment plus accrued dividends. The U.S. Treasury continues to hold the warrant.No mention of secret Federal Reserve loans?During the period that the U.S. Treasury owned the preferred stock, we were subject to numerous additional regulations, including restrictions on our...

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Published By: Hartzman's Inquisition - Thursday, 21 June, 2012