A Peek Inside The Commercial Real Estate Sector
http://www.capitalismgonewild.com/2009/02/from-reuters-bank-nationalization.htmlWe have a powerful banking industry that has mismanaged its way into deep trouble. Yet these banks obtained an initial bailout - the Troubled Asset Relief Program, or TARP - on generous terms, and have consistently failed to use the opportunity provided by this government support to turn their operations around. Not only that, but they have flaunted their power - and their arrogance - through paying themselves large and largely inappropriate bonuses.
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