Wednesday, January 14, 2009

The more we learn, the worse it looks

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

No comments:

Post a Comment