Maybe the banks aren’t so screwed?
Interesting analysis from a TPM reader - take with a grain of salt:
…it does suggest to me that further capital injections might be more in the range of $150 to $250 bn rather than the $200 bn to $400 bn I might have offered up a few days ago. Is that a big deal? I think it may be. For Citi, it could mean that there’s something material left over for current shareholders. For BofA it could mean that they more or less muddle through, perhaps with more taxpayer money, but without majority government ownership. And, maybe JPMorgan Chase and Wells Fargo are ok.
http://www.talkingpointsmemo.com/archives/2009/03/not_so_bad.php
