Fed help for banks at a cost

Sherry Slater, The Journal Gazette

sslater@jg.net

The federal government's effort to shore up the nation's lenders is putting big money in the coffers of some banks doing business in northeast Indiana.

Banks doing business in northeast Indiana have already arranged to accept at least $53.6 billion. They have been approved for at least $160 million more.

But other banks aren't so sure they want the cash infusion. Some fear consumers might interpret the deal as an indication they're in financial trouble. Others worry about the price tag.