It turns out BOA and Citi come out looking like they need to raise billions in additional capital and now they are arguing with Treasury about it, so they pushed releasing the info back to Thursday May 7. Here's a news link about it:
http://www.nytimes.com/2009/05/02/busin … ss.html?hp
I thought that the banks were magically all better??? What happened to the nice profits they suddenly turned after the TARP infusions?
Should we all be shopping for a new mattress?
I hear ya. We removed all of our assets from banks and moved it to a credit union since none of them are "too big to fail."
The big funny I read the other day was the Treasury wanted to convert its preferred shares to common shares so the banks wouldn't need to come to DC to continually ask for money. Riiiiiiight. The gov't won't let the banks fail now, but once they're voting members, they'll let them fail. Uh-huh.
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