Friday, May 29, 2009

Stressing the positive



"Hooray! The banking crisis is over! Let’s party! O.K., maybe not."
Even before the Bank Stress test results were announced, Tim Geithner, the Treasury secretary, told us they would be “reassuring.”
But whether you actually should feel reassured depends on who you are: a banker, or someone trying to make a living in another profession. more from the article.

Washington has made a decision to muddle through the financial crisis, hoping that the banks can earn their way back to health.e situation. If all goes well, the bankers will win big. If the current strategy fails, taxpayers will be forced to pay for another bailout." from Stressing the Positive- By PAUL KRUGMAN .


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