Thursday, January 29, 2009

Refusing the Bailout, Good for Them

Many companies, I don’t care what industry they may be in, are avariciously waiting for the lid to be taken off the current cannibal pot simmering in Congress.  There are some companies though, banks specifically, which previously had been waiting at the cannibal pot, expectantly, which are now wisely backing away.

A small but growing number of community banks are backing out of the government’s bailout, which they see as fraught with hidden strings and government interference.

About 20 banks so far that applied for or had been approved to receive about $1 billion combined in taxpayer money have reversed course in the past month and refused to take the money.

Good for them.

On second thought, never mind about that bailout

Posted by John Venlet on 01/29 at 02:35 PM
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