I thought this was a good editorial on the importance of
government’s decisions re: the banks.
The government finally seems to have gotten the message this week
re: the need to communicate its intentions with respect to the banks. All
of a sudden they are out in full force. Obama, Sheila Bair, Geithner, and
Bernanke have all made comments in the past two days that are supportive of a private sector banking system, and what’s
left of shareholder capital in that system.
President, Agile Investments