Saturday, April 17, 2010

Reality Check

Dow ends up nearly 380 on Citigroup profit news
Huffington Post Sara Lepro and Tim Paradis | March 10, 2009

Goldman's Pay Restraint Helped Drive Record Profit
By Susanne Craig | January 21, 2010

Bank of America Continues to Improve
NYTimes - By Andrew Martin | April 16, 2010

Give banks unlimited access to financing at close to 0% and a steep yield curve, exempt them from marking their worst assets to market, and they will earn money, even when their combined commercial loan book is shrinking at an annual rate of 20%
-David Goldman

(Via CJR)

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