The Treasury Department is considering using its $250 billion of the $700 billion rescue package fund to encourage strong banks to purchase weaker banks. Some analysts called this as the extension of the government’s role of not only stabilizing the financial industry but also reshaping it. Many weaker banks have been open for sell, and the big stable banks, such as Bank of America, JPMorgan Chase, and Wells Fargo, have already acquired several weak banks.
U.S. Treasury to favor new bank mergers – The International Herald Tribune
