We are being treated to a bizarre situation.

Dean,

The official added: “These are manageable losses.”

Whether the accounting losses are manageable is not a legitimate test. With all of the aid given banks by the Fed and the Treasury, one would expect huge profits -- so huge as to justify perhaps as much as one-third of the bonuses the NYT previously reported the banks plan to pay this year.

Obama's announced support for legislation to give Bankruptcy Courts authority to reform mortgages has fallen flat. The NYT reports that 12 Democratic senators voted against the bill. So, Obama apparently will press on with the Bush plan to rely on banks to voluntarily reform mortgages.

It appears that the Democratic Party Obama administration has never met a bank they don't like -- at least more than the auto companies and the voters who elected them.

Oh well, once again, the fix is in.

Well to let them tell it EVERYBODY missed the housing bubble and the Crash, despite Dean and several other economists and investors shouting at the top of their lungs about it.

The USA is now a Potemkin Village. Potemkin Government, Potemkin Media and a Potemkin Financial Sysytem

Just wanted to say HI. I found your blog a few days ago and have been reading it over the past few days.

"if the banks are in such good shape, why not take away the training wheels and let them fend for themselves in the market?"

Especially given the delicious irony of the welfare queen banks, currently on life support to stave off bankruptcy courtesy of JQCitizen, defeating the cramdown bill for JQCitizen in the Senate.

The banks are in good shape BECAUSE of the subsidized loans.

Its not clear to me that the administration is claiming anything different.

If the government had done nothing the banking system would have collapsed.

Instead the government put a couple of trillion into the banking system and now they think it is doing well enough that it does not need that many billion more.

At some point enough government money will make the banking system healthy.

"We are being treated to a bizarre situation where the government is giving trillions of dollars of subsidized loans to the banks at the same time that it is assuring us that the banks are in good shape."

I think they claimed the banks were in good shape AFTER they gave the loans, not before.

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government is giving trillions of dollars of subsidized loans to the banks at the same time so We are being treated to a bizarre situation.
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If regular exercise and healthier diets will not suffice, which can be the case, then a doctor will advise the patient to undergo a treatment, in accordance with their personal suitability.
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Obama's announced support for legislation to give Bankruptcy Courts authority to reform mortgages has fallen flat. The NYT reports that 12 Democratic senators voted against the bill. So, Obama apparently will press on with the Bush plan to rely on banks to voluntarily reform mortgages.
Acai Berry

I think what everyone missed was what is now called the 'macro-credential risk': people were focusing on 'is this risky for a particular firm to do this'; but what they should have been asking was if it was creating risk for the system as a whole

In particular, the administration may use the data from the tests to argue that many banks now have a greater cushion than they did in past financial crises.
Acai Berry

Democratic senators voted against the bill. So, Obama apparently will press on with the Bush plan to rely on banks to voluntarily reform mortgages.

mmm I think Obama did a really good job in this recession time.

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i support Obama, financial crises will over.
acai berry

The NYT reports that 12 Democratic senators voted against the bill.

No.not at all.This is not possible.

Press should always have the freedom to share there viewpoint.

Obama's policies and terms are there to avoid the crush situations.

Obama apparently will press on with the Bush plan to rely on banks to voluntarily reform mortgages.

I think press has all the rights but they must be in limit they should take care of other privacy and must come up with truth.

I think the question raised by press is absolutely fair. Government should try to improve all the sectors instead of only banking sectors.

Mismanagement has lead to this bank crashes.

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