HAHAHA !! Geithner: Financial System is Stronger Than Before Recession !!

RECESSION IS OVER !!
BACK TO SPEND !!


[link to finance.yahoo.com]


Geithner: Financial System is Stronger Than Before Recession

ShareretweetEmailPrintRich Miller, On Wednesday February 23, 2011, 4:21 pm EST
The U.S. financial system is in better shape than it was before the recession and is well placed to provide the funding needed for the economic expansion, Treasury Secretary Timothy F. Geithner said.

“The core of the American financial system is in a much stronger position than it was before the crisis,” Geithner said today during a Bloomberg Breakfast with reporters in Washington.

U.S. banks had net income of $87.5 billion in 2010, the highest since 2007, the Federal Deposit Insurance Corp. said today. The Standard & Poor’s 500 index has jumped 64 percent since March 2009, and corporate bond spreads have narrowed.