Why did 10 banks want to pay back the loan? I think that it is because they did not want government intrusion especially in the area of compensation. We got into this mess because a number of financial institutions did NOT have adequate financial governance. Have they learned their lesson? I think not. There has not been enough time of governance and pain. Left to their own devices the 10 banks will make a lot of the same mistakes of greed. I do not think we are yet headed in the proper direction with our financial institutions. Is the government the proper ones? NO! It takes strong and committed private control.
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