The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin

Exercise 4

At the height of the global financial crisis in October 2008, the U.S. Treasury forced nine of the largest U.S. banks to accept capital injections in exchange for nonvoting ownership stock, even though some of the banks did not need the capital and did not want to participate. What could be the Treasury's rationale for doing this?