Bailout plan rejected...by the Banks??

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Count Chocula
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Bailout plan rejected...by the Banks??

Post by Count Chocula »

I just read this article from The Guardian, and I must admit I'm a little encouraged.

Here's an excerpt:
'There is a growing feeling that banks ... might instead decide to tough it out,' said Thomas Caldwell, chairman and CEO of Caldwell Financial, a $1bn-plus fund manager.
Sure, they're acting out of self-interest and maybe even a sense of responsibility to depositors and shareholders, but this is the first glimmer of rational thought I've seen from the banking world in the past week - aside from Wells Fargo's "Fuck You, Citibank!" merger with Wachovia.
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Gil Hamilton
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Re: Bailout plan rejected...by the Banks??

Post by Gil Hamilton »

It could also be they want all the money, but they don't want the various strings that are invariably going to come with that money which starts regulating their business.
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Re: Bailout plan rejected...by the Banks??

Post by SirNitram »

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