Banker warns of political interference in banks

Discussion in 'Wall St. News' started by WaveStrider, Jan 30, 2009.

  1. http://www.ft.com/cms/s/0/6a0a313c-...ance&ft_ref=yahoo1&segid=03058&nclick_check=1

    "The bail-outs of Citigroup and Bank of America could distort the market if the US lenders succumb to political pressure when making lending decisions, a senior executive at JPMorgan Chase has warned."


    He's right. The government should never have interfered and should have let them fail. Now the gov't may actually want a say in how insolvent banks are run!