Small banks say no to government money.
Community banking executives around the country responded with anger yesterday to the Bush administration’s strategy of investing $250 billion in financial firms, saying they don’t need the money, resent the intrusion and feel it’s unfair to rescue companies from their own mistakes.
But regulators said some banks will be pressed to take the taxpayer dollars anyway.
You take this money now or else!
Do you think it’s too late for me to open my own bank?
Not at all! Go for it!