Michael Shulman

Latest Bank Leverage Stats - Some Still High

THis does not include off balance sheet assets....Citi has $1.2 trillion.

CNBC's Gasparino Problem

I am happy to see someone write about Gasparino's comments. He is a beat reporter -- and a good one -- always making caveats about sources and quotes and advising listeners how he might be wrong. I am not sure what prompted him to lose his mind on the issue of politics but he knows less about what he id discussing than my high school age sons. I live inside the Beltway, know many people who have forgotten more than he knows about politics and the election and they find his comments, when I passed them, amusing. It could be worse -- we could be watching Fox.