In his remarks in London yesterday, Fed Chairman Bernanke made it clear that the banking system is still in very bad shape. Here's a link to a chart showing how the first US$350 billion of TARP funds have been allocated and the ratio of non-performing loans to cash on hand of the banks that received TARP capital. Ouch.
http://projects.nytimes.com/creditcrisis/recipients/table
Wednesday, January 14, 2009
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