Enough bank "stress tests" and other time-wasters at taxpayer expense!
Give it back to TAXPAYERS who are also provided NEW government INCENTIVES to buy homes, consumer durable goods (cars, refrigerators, etc.) with a NEW, limited one (1) year ("sunseted") government direct-to-consumer-loans to get this ECONOMY going!
(WSJ) WASHINGTON -- Citigroup Inc. may need to raise as much as $10 billion in new capital, according to people familiar with the matter, as the government continues negotiations with banks over the results of its so-called stress tests.
The bank, like many others, is negotiating with the Federal Reserve and may need less if regulators accept the bank's arguments about its financial health, these people said. In a best-case scenario, Citigroup could wind up having a roughly $500 million cushion above what the government is requiring.
No more banker bailouts!
We've had our "fill" of this madness!!
Let the free market system do what it's designed to do.
Why should our tax dollars support banker fat-cat salaries, bonuses and benefits that often exceed the first two elements in this compensation equation.
And let the Zombie banks with rotted hulls sink where they stand.