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http://online.wsj.com/article/SB119690586945915304.html?mod=googlenews_wsj
Not to mention the $150B “stimulus plan” before that, which deposited $150B directly into banks that flushed even more debt straight down.
Or the $150B political goodie bag racked on to the $700B fear bill that does absolutely nothing to address the corrupt bank-driven politics that created the subprime world economic meltdown.
Wait, I have a great [...]

Posted Oct 14, 2008 09:54am EDT by Henry Blodget
We like the new bailout. We think it will ease the credit crisis and get banks lending to each other again (if not to consumers). The Treasury is finally focusing on the equity side of the balance sheet: The taxpayers’ money will go farther here and address [...]

NEW YORK (Dow Jones)–Steep losses Monday in bank stocks reflect the dire straits
the banking industry may face if politicians reach no agreement on the financial
rescue package.
“All of us are just numb,” said Frank J. Barkocy, the director of research at
Mendon Capital Advisors Corp. Asked if he fears more big banks might not pull
through the crisis, [...]

Fannie, Freddie trade higher
Markets focus on GSEs’ fate and bank stocks; FDIC may tap Treasury funds
By John Spence, MarketWatch
Last Update: 8/27/2008 10:41:00 AM
BOSTON (MarketWatch) — Shares of Fannie Mae and Freddie Mac stretched their
recent rally Wednesday as investors continued to debate the future of the
mortgage-finance giants and the prospects of a government bailout.
Fannie (FNM) and [...]

Bank Open Window For Deceit
by Jim Willie, CB. Editor, Hat Trick Letter |July 31, 2008
As vacation season approaches in the Untied States and Canada, the task of reading should give way to looking at pictures to tell a story, or gazing at scenery from a lodge or campground, or lazy afternoons at the beach. Among [...]

BOSTON (MarketWatch) — Morgan Stanley analysts in a report Thursday said short
interest in banking stocks reached a historic peak of 11.2% as of the end of the
second quarter. Investors who short-sell company shares profit when their prices
decline. “This is the second highest sector short position ever experienced since
data collection began in 1994,” wrote the Morgan [...]

NEW YORK (MarketWatch) - Bank stocks fell almost 3% in early trading Friday after
Merrill Lynch downgraded Regions Financial Corp. and KeyCorp to sell from neutral
on fears of declining credit quality. Merrill trimmed its earnings estimates for
Regions by 88 cents to $20.44 and by 93 cents to $24.16 for KeyCorp; the
downgrades pushed both banks’ shares down [...]

BANK AND OTHER FINANCIAL STOCKS rallied strongly Thursday on further optimism that the corner has been turned in the credit crisis. Ongoing stresses in the money markets and Federal Reserve data raise reasonable doubts on this score.
Financial stocks surged Thursday, with the Select SPDR Financial exchange-traded fund (known mainly by its ticker symbol, XLF) jumping [...]