Funny thing is, most of these banks were in the same position three months ago that they’re in today.
As Washington pushes banks to mend their finances, the banks are pushing back.
Emboldened by newfound profits and eager to shake off federal control, a growing number of banks are resisting the Obama administration’s proposals for fixing the financial system. Lenders that skirted disaster only months ago with the help of taxpayer dollars are now balking at government prescriptions.
Apparently, the only banks that needed government help were the ones who consider themselves “too big to fail” which translates into “taking the easy way out”.
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