Wednesday, October 15, 2008

Smaller Banks Resist Federal Cash Infusions


The Washington Post reports:
Community banking executives around the country responded with anger yesterday to the Bush administration's strategy of investing $250 billion in financial firms, saying they don't need the money, resent the intrusion and feel it's unfair to rescue companies from their own mistakes.

But regulators said some banks will be pressed to take the taxpayer dollars anyway.
The struggle against national socialism.