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Friday, May 8, 2009

Banks need more money!

So says the US regulators after the stress test. I have not seen what the criteria was for this stress test, but it has to be something in the range of projected losses, in the way of illiquid assets, factored in with deflation and current investor appetite for certain instruments.

In any case, President Obama said he does not want to keep banks under his watch for long.

We will have to wait and see.
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