Banks Trying to Avoid all Government "Help"

It seems that the strings attached to government money are just too much for many banks to take.

Regulators, engaged in aggressive ad-hockery for the better part of 2 years, have lost credibility. Congress, engaged in egregious political grandstanding, has lost what little trust it had to begin with. Banks, engaged in a fight to remain solvent as well as independent, want to avoid both.

The more Washington insists on influencing the day-to-day operations of the firms it props up, the less inclined banks will be to accept help. Those that can afford to go it alone will do so - even if it means shrinking their operations. This, in turn, could prolong the recession - even as government efforts strive to do the opposite.

I mean some banks are trying to raise capital by almost any means in order to throw off the government reigns on them. They don't want to lose all their best people to Europe or the Middle East because Congress and the AG of New York threatens their lives over their bonuses. Also the idea that the White House can fire you on a whim has some CEOs rethinking "recapitalization" as well.