It seems like those people in Wall Street are trying to channel the anger to Washington through the media. The last Bank of America ticker shows the fraudulent parties are still active.
Management vs. Labor. Interesting.
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.