U.S. Treasury's June '09 decision on early paybacks is a major, major mistake.
Why allow this policy? Besides an entourage of lobbyists' pressuring congressional representatives on Capital Hill, pure corporate greed are the banks' incentives in repaying their TARP funds early in a can't wait enviroment to give its executives the elaborate bonuses that principally helped facilitate the global economic downturn of the past two years.
Shareholders will bear the brunt of this fool hearted decision.
Tuesday, December 8, 2009
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