Tuesday, February 24, 2009

FDIC's Bair: All big banks are well-capitalized

Oh that's news!

No wonder the WSJ had this article this morning:

Financial markets have clung to every word from policy makers' mouths throughout the raging financial crisis, with poor results. Stocks rebound on hopes the government will save everything, then fall on the realization it can't.

And today, we hear from the pontificator in chief, Ben Bernanke as he goes up on the hill. He'll tell us that credit markets are loosening up!

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