Why would the White House refuse TARP repayment from banks? After all, it’s millions and trillions of dollars we’re talking about, not exactly pocket change.
Could it be that the administration wants to maintain power over these TARP recipients? This is very troublesome to know. It clearly shows the administration intends to push its own economic agenda to these financial institutions, and by now many of them are regretting to ever have received these government funds.
What’s happening now is that the bank executives actually work for the federal government. These banks are no longer serving consumers, but rather serving its master, the gigantic federal government. The government will now dictate who runs the banks, who to lend money to, the interest rate, etc. Does that sound like a healthy banking system?
