US Bank earning scare

Story link: US Bank earning scare

Exactly, Government efforts to bail out banks on such a big scale will only act a as a short term solution to a long term problem.
The government needs to make slightly bigger and better efforts, with better plans to correct the long term down trend of the financial economy.

US Bank earning scare

Government efforts to prop up U.S. banks and savings institutions have only partly cushioned the blow from what may have been the industry’s worst three-month period since 1990.
“Credit trends are going to be bad,” said Gary Townsend, co-founder of Hill-Townsend Capital in Chevy Chase, Maryland. “No one is immune. If you are a bank, and have loans, you will suffer your share.”