Four small banks became the first to return millions of dollars of emergency aid, and more may soon follow as the industry tries to escape what it considers the onerous conditions attached to the government’s money.
Unbelievable. The kind of help that the government wants to give is exactly the kind of help the banking industry and the common citizen doesn't need. Not only is O's admin trying to tell them how much they should be paid, but they trying to get the banks to set interest and dividend rates as well. These people have how much experience in the banking industry?
Why doesn't the government just create it's own banks to compete with the private banks? They can just hire a bunch of people and pay them much less because it's not that hard to do, right?