Banks trying to pay back TARP funds being told “not so fast” by the government

Socialism anyone?

Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a move passes a test to determine whether it is in the national economic interest, a senior administration official has told the Financial Times.

“Our general objective is going to be what is good for the system,” the senior official said. “We want the system to have enough capital.”

 

It is all about control you see. Once government has its hooks in, well…….

H/T Conservative Scalawag

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