Biz, U.S.: Banks: The bailout money’s too restrictive, we’re giving it back.
- We are taking an approach that wants the banks to help the economy and whether it is ultimately good for a particular bank is secondary. Weak banks are being asked to do things that will erode their position.
- L. William Seidman • A former senior regulator who presided over the savings and loan bailout. Many small banks are either choosing not to take the bailout money at all or are looking to give it back, noting things such as executive pay and other strings are necessary for big banks but too restrictive for them. • source