Oct 5, 2015
2:40:59pm
2:40:59pm
Very true
If you like business books, 'Too Big to Fail' provides a lot of details about this. Wells Fargo didn't really need the money, but didn't have a choice to not accept. Chase thought that they could weather the storm, but they ended up taking the money. B of A were in a really bad place due to their sub-prime exposure and absolutely needed the assistance.
Originally posted on Oct 5, 2015 at 2:40:59pm
Message modified by HiLife on Oct 5, 2015 at 2:42:57pm
Message modified by HiLife on Oct 5, 2015 at 3:10:29pm
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