From Institutional Investor:
June 22, 2009 - Ben Bernanke has announced green shoots, and Tim Geithner has completed the bank stress tests. Unfortunately, all this good news amounts to little more than a public relations stunt pulled by the government, and it remains to be seen how long they can continue to fool the public. If one simply looks at the monthly call reports published by the government reporting the financial health of our nation’s banks, one will see a vastly different picture.
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Ann Lee is an expert on financial derivatives and the global financial system. Currently Lee teaches economics and finance at New York University. Click here for her complete bio.
One Response to “Credit Crisis Part Deux”
Let me be clear in my opinion: THE FUC#### FINANCIAL SKY IS FALLING!!! But don’t panic, your government has it completely under control. Geeeeesh! Barack, you signed up for this duty, you are now responsible for the lack of transparency in the financial system NOW! The bad guys have done damage beyond an orderly repair. Let the pain / reckoning occcur and let’s get on with transparency…NOW, NOW, NOW!!!