Now raising intellectual capital
from Rolfe Winkler:
(Reader note: still working on the bugs....please click "continue reading" to see all the links)
Banks, U.S. spar over TARP repayment (David Enrich) This is the kind of thing that gives me a better feeling about Tim Geithner and Ben Bernanke. They are hammering banks to raise equity capital to get out of TARP. They have leverage and are using it productively, forcing bank shareholders to eat losses via dilution so that balance sheets are more stable. Great! Stick to your guns guys!
Questioning the unemployment rate (Kaminska, Alphaville) Dennis Gartman doesn't buy the good news in the jobs report.
FASB wants accounting standards "decoupled" from bank capital rules (Norris, NYT) Can you blame 'em? Seems to me Bob Herz just wants to be left alone. If regulators want to give banks more slack, fine.