90%

A conversation that I had with my good friend Wabi tonight.

Wabi: Wells Fargo also didn’t want TARP, and again was told to take it.  Goldman Sachs wanted it, but had they known the restrictions that came with it, they could’ve raised private capital, like they did from Warren Buffet.  And US Bancorp has always been considered a pretty healthy bank, and Bank of America was healthy before it bought Merrill Lynch.  Nevermind the fact that even if you are healthy, if your competitors are getting injections of capital from the government, you are basically in a position where you have to take them or place yourself at a disadvantage.

Dan: Just like baseball and steroids.