Did anyone notice how grumpy all the financial CEOs looked after meeting with President Obama last Friday? The meeting must have been quite unpleasant as the Obama administration is informing these private sector giants that they need to change the way they are running their business. The government wants more lending and less executive pay. Also, several banks indicated that they want to return the original TARP money and the Obama administration is telling them no.

While it may not have been explicit, the implicit threat was large. The FDIC is in the middle of stress testing the 15 largest … …READ MORE