Saturday, November 26, 2011

As Banks Struggle, U.S. Gov't Tries To Take Them Down

As Banks Struggle, U.S. Gov't Tries To Take Them Down - Latest Headlines - Investors.com
Bankers were ordered to "reinvest" in unprofitable areas, and reallocate capital to people who posed credit risks.
When those risky loans went bad, radicals blamed "greedy" bankers and "predatory" lenders.
Today, they want to punish bankers and lenders by forcing them to "repair the damages" that they themselves caused.
And they don't care if it drives many of them out of business.

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