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  • Markets Close Up, Not Sure Why [View article]
    Hmmm... For the first couple of months "lending was tight." Did the big banks use TARP money to trade up the market, making billions and skewing their balance sheets?

    If I was a big bank CEO who received $10 billion I would order my veteran traders to get to work on the depressed stock markets. Since the begining of the year, the markets are up about 30%. Simple math says that $10 billion then becomes $13 billion, and suddenly the first quarter earnings come in unexpectedly high.

    Hmmm...
    Apr 18 19:01 pm |Rating: +1 0 |Link to Comment
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