Holy abacus aka...well done! From the numbers being reported you're spot on! Let's hope that this is the ultimate destination...it sure looks like it could be. MP's got it going on...obviously this isn't there first dance!
Ya know one thing we haven't heard yet in most all of the discussions surrounding TARP, TARP2 and now the Stimulus Package are rumblings regarding new Banking regs coming as a result of the worst financial crisis of our times. Tier 1, 2 & 3 capital ratio laws would be one place to start (among many). I wouldn't be surprised to see the min/max raised on Tier 1 a percent...or even two.
Legislated and enforced (if that's possible through our inept SEC) new laws would create stability and hopefully build confidence again...it would be a welcome sight for sure.
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