THE DOT - if this turns orange or red be alert

Tuesday, April 21, 2009

Geithner is a cheerleader of the emperor without cloth's

That is an outright lie - why does the FED have all the special lending facilities - borrow at zero interest and pump trillions into banking. Today the IMF said losses will rise to 4.1 trillion within 3 years - I double that and still will be short then the balance sheets are made public in 2012.

Geithner Says Most U.S. Banks Have Enough Capital (Update2)

By Rebecca Christie

April 21 (Bloomberg) -- Treasury Secretary Timothy Geithner said the “vast majority” of U.S. banks have more capital than needed, stoking a rally in stocks as investors await results of stress tests on the balance sheets of the biggest lenders.

“Currently, the vast majority of banks have more capital than they need to be considered well capitalized by their regulators,” Geithner said in testimony to a congressional oversight panel on the government’s financial-rescue program. He added that there will be a “series of options” for lenders deemed to need additional money at the conclusion of the tests.

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