Bubba2

While Financials Drag Markets Down, Five Ways to Stay in Play

I am a banker. Apparently, one of the good ones who work for the thousands of community banks in this country. We are very sick of paying the bill for our Wall Street counterparts who abused the system and wasted their capital on self-serving "investments." The FDIC is charging all banks a "special assessment" to cover the losses they expect in the near future. The amount of the assessment will exceed 20% of our after tax income. Does this sound like an incentive to make more loans? The government continues to talk in one direction but drive in another. Is there any reason for people be responsible for their own actions? How about a reward for doing well? (Before the govenment takes it all.)