T/F questions on the financial crisis 7-10

7. Wachovia, IndyMac and Washington Mutual were among the first depository institutions to become distressed. 8. Ultimately, the federal government created a reverse auction so that financial institutions could sell their toxic assets to the government. 9. The Toxic Asset Relief Program (TARP) purchased super preferred shares of struggling financial institutions making the federal government a controlling owner and the regulator of many F.I.'s 10. Might Have to Google this but...Iberia Bank of Louisiana was the first bank to pay their super preferred shares back to the federal government