Florida Banks Beg Bernanke: Don't Make Us Raise Cash While Oil Is Hammering Business

Very interesting letter sent by the Florida Bankers Association, via WSJ, to the Federal Reserve, begging for a reprieve on capital raising requirements.

The message is straightforward: They’re in no position to be raising cash when the oil spill is hitting the state’s beaches, threatening tourism, and hammering business

Letter 0712

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