b3rkut

With U.S. Economy Still on the Ropes, Where Are the Banks?

Can you name which banks were forced to accept assistance?

Thnx!


On Oct 28 01:19 PM greedcanbgood wrote:

> What a complete bunch of hogwash. Let’s see, first of all not ALL
> banks required assistance and yet it was forced down their throats
> and then followed up with a bunch of ex post facto rules. Second,
> do more homework. Consumer and business appetite for credit is at
> an all time low. Third, financial institutions have taken a serious
> beating for assuming too much risk (including lending risk) and yet
> now, here you (and congress) decry their unwillingness to lend.
> It's like the master who beats his dog when he feeds it and then
> wonders why the dog is reluctant to eat. Fourth, pending legislation
> may place de facto price controls on some consumer credit and fee
> income streams for banks without regard to the ramifications to the
> financial services industry. Clearly, they are trying to be prudent
> with cash in preparation for the coming storm.