“The word many use is bailout, but the analogy might be, if you get capital for a home and pay that principal back with interest in the form of a mortgage, is that a bailout? I’m not sure,” the Northern spokesman said.
It is a bailout, you socialist mor0n. In a free market, you would have failed (as you must).
Are you sure. Every account that I've heard indicated Northern did not want to participate in the government program but was coerced into it. A case of the government saying you have to take our money so we can complain about how you spend your money.
Northern Trust is quite profitable. They made $3.40 a share in 2008, and are expected to make $3.89 a share this year and $4.34 a share next year. They have a very strong balance sheet and are well-managed.
So how would they fail?
Northern Trust would not have failed. You’re ignorant, but you’re probably proud of that.