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Friday, May 14, 2010

legal shakedown

Curious how much the government will make from the settlement from this legal shake down of the banking industry. (nyt article)

They will probably get a number in the billions from settlements.

The one positive from this shakedown, the banks (or bankers) have become humbled. Even Llyod is helping to keep a bank primarily in small/mid siz loan business open. (article) The cynic would say this is just a PR ploy. I would agree, but the effort is taking place none-the-less, and that can not be ignored.

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