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Tuesday, February 24, 2009

Today, Bernanke was good

The stress test for banks won't be "pass" or "fail" but instead, it will be what the banks need to meet their obligation. Bernanke also said that banks won't be able to "hide anything."

Of course, we know these statements aren't true, but Bernanke sold it nicely on the hill.

So we rallied.

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