ARE AMERICAN BANKS DOING TERRIBLY, AND IS THEIR BUSINESS GETTING WORSE? NO

NYTIMES:More Money From Fees Gives Banks Good Start

For all the dire developments among banks — the slumping stock prices, the gaping losses, the unsettling talk of nationalization — the heavyweights of Wall Street actually had some of their business start off well this year, at least relative to the dismal standards of 2008.

Bundles of debt are being issued at a pace not seen for months. Some securities on bank books are starting to recover in value. And banks are charging hedge funds and other clients lofty fees for their trades, something they were not able to do when markets were flush and more banks, like Lehman Brothers, were around to compete with.

“This is going to shock investors, who think the news is always bad news for these companies,” said Richard X. Bove, an analyst with Rochdale Securities. “Money’s coming in. Money’s flowing into the financial markets.”

WE MADE A SIMILAR POINT ABOUT THE RATES OF MORTGAGE FORECLOSURES - THEY ARE IMPROVING, NOT GETTING WORSE.

AND BOTH OF THESE SECTORS - FINANCE AND HOUSING - ARE IMPROVING WITHOUT ANYTHING FROM OBAMA.

THERE'S NOT BEEN A BAK RUN - NOT ON DEPOSITS; THERE'S BEEN A RUN ON BANK STRICK - BY PREDATORS. BANK STOCKS ARE UNDER ASSAULT AND THE FEDS AND THE SEC SHOULD ACT TO PROTECT THESE STOCKS FROM SPECULATORS.

IF THE PUBLIC WOULD STOP LISTENING TO THIS NATTERING NABOB OF NEGATIVISM - AND JUST WENT OUT AND SPENT MONEY THEN THE ECONOMY WOULD BOUNCE RIGHT BACK.

WHY IS OBAMA GONE SO NEGATIVE? SIMPLE:

not one cent of the “stimulus” money has yet to be spent.

And yet the economy is turning around.

So why did we need the “stimulus” and all of the previous and subsequent giveaways?

Of course this is a rhetorical question.

We know this was never about the economy.

This was about ginning up a crisis to push through a radical socialist agenda.

DON'T BE A DUPE.