Monday, February 23, 2009

Well Managed

This might be true, but there's a wee problem.

The Capital Assistance Program aims to ensure that they have sufficient capital to support economic recovery, even if conditions worsen.

"Because our economy functions better when financial institutions are well managed in the private sector, the strong presumption of the Capital Assistance Program is that banks should remain in private hands," the regulators said.

Obviously the Banksters didn't run their banks well. The same clowns are running the show. There's little reason to imagine that this state of affairs will change.