Why Politics Makes It Hard to Fix the Banks
Posted on January 31, 2010 at 09:00 AM EST
Bank earnings season is under way, and with the financial results will come disclosures about average per-employee compensation that politicians seeking support for additional regulations or taxes on big banks will pounce on. Some of the proposals may make their way in some form into President Obama's financial reform plan. At the same time, the banks' decreased lending will be portrayed as a sign that banks are ungrateful to the American public for the generous bailouts they received -- and that they're unwilling to help restart the economy. Each of these arguments is based on a truthful data point. Continue reading Why Politics Makes It Hard to Fix the Banks Why Politics Makes It Hard to Fix the Banks originally appeared on DailyFinance on Sun, 31 Jan 2010 09:00:00. Filed Under: Economy , Bank of America Permalink | Tweet this! | Comments