Banks Getting Over Reluctance To Take US Money

Law360, New York (November 3, 2008, 12:00 AM EST) -- A tide of up to 1,800 publicly held financial institutions is reportedly waiting in line in hopes of receiving government investment under the U.S. Treasury's Capital Purchase Program.

Initially, lenders seemed to cast a wary eye on the receipt of such relief, worried it would signal trouble at their institutions.

But now it seems that perceptions have changed, with healthy banks leaning toward dipping into the funds, according to Bill Black, associate professor of economics and law at the University of Missouri-Kansas City School of Law....
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