It all just gets worse...
Banks told they had to take the recapitalization! There was no choice, said one of the guests, William Isaac of the Secura Group. He said the top banks really didn't want to enter into any agreements but were forced to do so... the smaller banks wouldn't look bad...
Prof. Joseph Stiglitz ... federal reserve taking some crappy assets out of this... disappointing we spent so much money and got so little for it...
David Cay Johnson... bizarre banks that didn't need this took it so the ones who needed it wouldn't look bad... dividends to stockholders will come out of the taxpayers' money...
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