“Stress Test” a Con: Obama Still Coddling Banks
…to a cage if not shot dead outright. Johnson pointed out this morning that today’s news non-event even has a kind of Goldilocks character that the big media are bound to lap right up. It will turn out that the $1 trillion in TARP is an amount “just right” to cover the self-declared capital needs of the big banks. Bernanke said this morning that he’s absolutely sure that this afternoon’s announcement will “inspire confidence.” Quel coincidence! The…
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