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What is the real condition of our banks? Well depends on which glass you are looking at. Is it half full or half empty? Let's look at the good news first:
  • Profits for the bans are up.
  • Bank stocks are surging.
  • The U.S. government gave 10 banks permission to pay back $70 billion of TARP monies.
  • Since January, banks have raised $200 billion and sold $75 billion in debt.
  • Stress tests showed that 19 of the biggest banks needed only $75 billion to withstand a tougher than expected recession.
  • In a press conference, U.S. Treasury Geithner said, "these are early signs of repair and improvement."

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What is the good and the bad about the condition of our banks? originally appeared on BloggingStocks on Fri, 12 Jun 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank stocksbanksDouglas ElliotFDICGeithnerMarvin J. Millerstress testsTARPtoxic assetsFri, 12 Jun 2009 14:00:00 EST