J. D. Swampfox

List of Troubled Companies Keeps Growing

For a non-banks of which this article speaks, one can at least examine the publicly available information and decide whether the company-specific particulars are positive or negative for its future earnings. But the unknowns regarding the condition of the banks requires a substantial reduction of PEs that we can apply to those earnings. Either the FED and Treasury don't know the condition of the banks or they aren't saying. I'm not sure which is worse.