Rep. McClintock gave the following floor speech on April 21, 2009.
Mr. Speaker: Many Americans have been shocked in recent days to learn that banks seeking to repay TARP money have been told the treasury will not allow them to do so.
Taxpayers were promised that this money was only to be used to buy up toxic assets and that it would be repaid to the treasury as soon as humanly possible.
And yet, when several banks have attempted to do precisely that, they’ve been told that the treasury will not allow them to do so.