Banker warns of political interference in banks

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


    "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!