Keith Hennessy Coments on the Bank Stress Tests

6 The administration seems to bounce back and forth between emphasizing building a strong capital base and helping BHC[Bank Holding Company]’s get rid of toxic assets. I think the capital cushion is more important.
7 $34 B more for Bank of America is a big number.
8 I continue to be confused about why the administration is so confident they will not need to ask Congress for more TARP money, especially if they intend to use a lot of cash to prevent GM from liquidating.

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Posted in * Economics, Politics, Economy, The 2009 Obama Administration Bank Bailout Plan, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Treasury Secretary Timothy Geithner