Thursday, February 26, 2009

Powered By Wishful Thinking

Anyone else sense something wrong with this?
U.S. bank stocks rebounded on Wednesday as investors took comfort that the federal stress test being applied to the largest lenders may be lenient enough to avoid forcing banks to seek additional bailouts.
I mean am I just nuts, or is the article saying that the reason bank stocks are rocketing up is that Wall Street honestly believes that the bank stress test is in fact a complete and total mountain of bullshit that will allow banks to continue to pretend they are still solvent when they are not?

No comments:

Related Posts with Thumbnails