http://www.ft.com/cms/s/0/6a0a313c-...ance&ft_ref=yahoo1&segid=03058&nclick_check=1
"The bail-outs of Citigroup and Bank of America could distort the market if the US lenders succumb to political pressure when making lending decisions, a senior executive at JPMorgan Chase has warned."
He's right. The government should never have interfered and should have let them fail. Now the gov't may actually want a say in how insolvent banks are run!
"The bail-outs of Citigroup and Bank of America could distort the market if the US lenders succumb to political pressure when making lending decisions, a senior executive at JPMorgan Chase has warned."
He's right. The government should never have interfered and should have let them fail. Now the gov't may actually want a say in how insolvent banks are run!