Boeing strike

Treasury Crams More Money Down Bank’s Throats

bloomberg is reporting capital one, key among 14 banks getting $31 billion.fourteen regional u.s. banks, including suntrust banks inc. and capital one economic corp., accepted at least $31 billion in guidance cash as the bank rolled out like a light the second half of its $250 billion package to shore up lenders and thaw frozen reliability markets.participationfirst roundcitgroup…………$25 billionwells fargo………$25 billionjpmorgan chase……$25 billionbank of america…..$15 billionmerrill lynch…….$10 billiongoldman sachs…….$10 billionmorgan stanley……$10 billionbank of new york….$3.0 billionstate street……..$2.0 billiontotal……………$125 billionsecond roundpnc……………..$7.7 billioncapital one………$3.6 billionsuntrust…………$3.5 billionregions monetary…$3.5 billionfifth third………$3.4 billionkey……………..$2.5 billioncomerica…………$2.25 billionnorthern trust……$1.5 billionhuntington……….$1.4 billionfirst horizon…….$866 millioncity national…….$395 millionvalley native…..$330 millionwashington federal..$230 millionfirst niagara…….$186 milliontotal……………$31.36 billionmassive interventions continuethis new round of mannered funding is confined to fail. the hard is excessive risky lending and the treasury is attempting to force more lending. please see ny times lending plot madness fitting for more on the foolish, counterproductive policies of the fed and treasury.meanwhile a currency crisis meltdown in europe, japan, australia is brewing. at least we are no longer hearing asinine talk of containment.every day the turning-point grows and every day the market’s reaction to the interventionist measures by the middle banks is diminished. up next is another coordinated compute cut by the fed and central banks. those cuts cannot in any way solve a thing.mike “mish” shedlockhttp://globaleconomicanalysis.blogspot.comclick here to scroll thru my just out post listmike shedlock / mish is a registered investment advisor representative for sitkapacific first-rate management. visit http://www.sitkapacific.com to learn more about wealth management instead of investors seeking strong accomplishment with feeble volatility.

Colin powell

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