{"id":11821,"date":"2009-03-20T17:29:16","date_gmt":"2009-03-20T17:29:16","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/washington_post_in_new_dilemma_banks_cite_two_paths_to_disaster\/"},"modified":"2009-03-20T17:29:16","modified_gmt":"2009-03-20T17:29:16","slug":"washington_post_in_new_dilemma_banks_cite_two_paths_to_disaster","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11821","title":{"rendered":"Washington Post: In New Dilemma, Banks Cite Two Paths to Disaster"},"content":{"rendered":"<p>Some bank executives warned yesterday that the government is forcing them toward a disastrous choice between accepting restrictions on compensation that could cripple their ability to compete with rivals, or returning billions in federal aid, which could retard lending and damage the economy.<\/p>\n<p>The possibility of a newly weakened banking industry also raised concerns among businesses in the wider economy that already are struggling to find financial firms willing to lend them needed money.<\/p>\n<p>&#8220;We&#8217;re all going to lose on this thing,&#8221; said an executive at a large bank that took federal aid. He and other bankers expressed shock at the rapid progress of legislation that could impose large pay cuts on thousands of workers, and dismay that the industry is at the mercy of an angry Congress.<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/03\/19\/AR2009031904194_pf.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some bank executives warned yesterday that the government is forcing them toward a disastrous choice between accepting restrictions on compensation that could cripple their ability to compete with rivals, or returning billions in federal aid, which could retard lending and<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11821\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,595,149,583,585,594,584,668],"tags":[],"class_list":["post-11821","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-credit-markets","category-economy","category-the-2009-obama-administration-bank-bailout-plan","category-the-banking-systemsector","category-the-september-2008-proposed-henry-paulson-700-billion-bailout-package","category-the-u-s-government","category-treasury-secretary-timothy-geithner"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11821"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11821\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}