dfloydr

Did President Obama's Speech Cause the Market Decline?

Recent reports indicate 98% of the nation's banks have adequate capital. True, many are small. It is just a few of the megabanks that are bleeding buckets of financial blood.

So instead of giving those megabank dopes all the TARP money, how about we give money to the banks that are doing it right. They would immediately get on with doing normal business in greater volumes. That sure would beat watching the dopey Wall Street bankers paying themselves bonuses and dividends. Let those megabanks spiral off into the sunset. The good banks would soon pick up where they left off given the piles of capital the Fed is dishing out.