The Duke
JohnD.Ford
Junior Chimp
Posts: 9,240
Political Matrix
E: 0.13, S: -1.23
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« on: April 10, 2009, 09:28:34 PM » |
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The profitability of banks is demonstrating that TARP worked and the Geithner plan is about six months too late to matter. He's fixing a problem that basically no longer exists. It also shows that blithering idiot Paul Krugman and his bank nationalization nonsense should never have been taken seriously.
But anyone who thinks this is anything other than a bear market rally is just wrong. Watch the bond market, which Obama is demolishing, and the commercial real estate market, which is going to do in 2009 what residentials did in 2008.
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