Business Casual

While doing my morning scan of bank industry news I ran across an interesting survey on the American Banker Web site.

The survey asks that because Citigroup and Bank of America have gone back to the federal government for more aid, is this the end or will there be more rounds of “too big to fail” banks asking for money?

Here’s the survey and the results on voting thus far:

Citi and B of A have gone back to the government trough — does it end there?

Yes, the rest of the industry is stable and has no need of further infusions
1%
No, Wells bought Wachovia without government aid — they’ll come looking
33%
No, but future assistance will be broader: a facility that buys bad assets from banks
26%
I’ve stopped guessing
40%

I chose the last option. It’s good to see that I’m in the majority, but also a little scary because the assumption is most of those responding to the survey are bankers.