Banks Give Back Bailout Money. WHY?

[NateRiver]

Backdoor Socialism? - Control, not "Stimulus"

“In recent weeks, a number of U.S. banks have asked to give back their taxpayer-funded government bailout money. The reason: too many strings attached.
In short, despite White House denials, the federal government — not bankers — now runs our banking system.”

[Lord Undies]

If the banks can afford to give it back, I assume they did not need it in the first place.  That's the same way I feel about tax rebates/stimulus checks.  The government didn't need the money in the first place.  Of course, it's hard to redistribute assets without first confiscating assets.

[Lacarnut]

The government owns about 80% of AIG and about 30% of CITI. The government has placed restrictions on them which they don't like. However, the government does not have complete control as evidenced by the AIG's declaration that they are going to pay out huge bonus's. Government intervention/nationalization will turn out to be a disaster cause the government can not run a whore house efficiently.

[Crazy Horse]

If the banks can afford to give it back, I assume they did not need it in the first place.  That's the same way I feel about tax rebates/stimulus checks.  The government didn't need the money in the first place.  Of course, it's hard to redistribute assets without first confiscating assets.

Some banks said no and were still forced into taking the money

[Baruch Menachem]

They were told if there were a run, there would be no assistance.

The bank I work for was one of the 'coerced' banks.  The bailout has caused tons of angst to the bank.