Quote:
Originally Posted by aklim
But why is the govt forcing money on the banks?
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I believe they were 'forced' to take the loans because they did not have adequate capital in reserve. The gov't was attempting to keep the banks solvent. There are banking regulations about the amount of liquid assets a bank needs to maintain relative to the amount of deposits. Banks like Wells Fargo are starting to whine about how they don't want pay cuts and they could have raised the capital themselves, BUT they haven't.
Suck it up boy's, your gravy train has left the station (I hope)