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Sic Semper Tyrannis

Thursday, March 05, 2009

At least one bank has figured it out.

Johnson Bank decides not to take money from U.S.

The head shot line from the story "Johnson Bank has turned down a $100 million capital infusion from the U.S. Treasury, saying it doesn't need the money and there are too many strings attached."

I believe a lot of banks that are actually solvent are going to tell the Government to "Piss up a rope" and keep their their money because of the anal probing the banks that are taking the money are receiving.

I am sure the people running Associated Bank wish they would have taken this tack.

More money for them to waste on Citi Bank and AIG I guess

Kudos to Johnson Bank for not being bullied into a bad choice by the Federal Government.