The Regulators Have Everything Under Control

Here is a link to the joint statement from the bank regulators concerning the banking industry. The following excerpt is probably all you need to spend your time on.

“A strong, resilient financial system is necessary to facilitate a broad and sustainable economic recovery.  The U.S. government stands firmly behind the banking system during this period of financial strain to ensure it will be able to perform its key function of providing credit to households and businesses.  The government will ensure that banks have the capital and liquidity they need to provide the credit necessary to restore economic growth.  Moreover, we reiterate our determination to preserve the viability of systemically important financial institutions so that they are able to meet their commitments. 

What else would you expect them to say?

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