Real estate blog entries tagged with bank acquisitions by Richard Smith FHA VA Rural Development in TN GA

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Home : Blogs : Richard Smith FHA VA Rural Development in TN GA : Richard's Real Estate Thoughts : Tag "bank acquisitions"

bank acquisitions: Bailout money rich richer - money directed toward bank acquisition - 10/28/08 06:35 AM

There is more on the use of bailout funds in today's AP press. Banks are apparently using the capital investment funds to purchase other banks. At least a partial purpose for these acquisitons was mentioned to ease the possible need for Federal takover of weaker banks and to strenghten the overall banking system.
This may be a good policy goal, although it looks more like government is now in the business of determining which banks will win out and which banks will lose.
To me it just seems like more indication that the bailout lacks direction and its effectiveness may very well be … (11 comments)

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Richard Smith FHA VA Rural Development in TN GA

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