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Most of the commentary on the big banks’ eagerness to pay the money back and get out from under the federal thumb has focused on the government’s control of pay and bonuses for top executives a stricture that is already complicating Bank of America’s search for a new CEO. But it was more than limits on pay that bothered the banks. They were dying the death of a thousand cuts of cheap jerseys micromanagement as government bureaucrats who had never run a business or met a payroll dictated how they should operate..
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