SHOOT: Instead, aid is translating as bonusses and share prices rallying spectacularly. I guess the bailourt worked [for them anyway].
The financial shares that were in the deepest trouble in February have also rebounded the most with the powerful surge in stock markets from their low in March 2009 (+60% in Europe and the U.S.).
While the FDIC has “only” 400 banks on its short watch list, IRA has given an F, its worst rating, to 2,256 of them. As such, it estimates that the FDIC’s cumulative losses could climb to $400bn to $500bn, while its security cushion has contracted from $60bn to $10bn since last autumn.