Zerohedge commented that if it falls below $6, that TARP2 might be in the works.
Not sure if $6 is the magic number here, but I would say there is a pretty good possibility that TARP2 is on the horizon. At this juncture, inflating the currency further is likely the only Keynesian move that makes sense. Put on your tinfoil (just a bit) and see how many excellent opportunities Opfor is afforded with a radically inflationary environment. I’m sure they are just giddy at the possibilities.
These big banks are insolvent. All of them. Keeping up appearances is all they have.