WSJ:

U.S. financial institutions alone have disclosed and written off more than $150 billion in assets and raised $95 billion in new capital, according to Treasury Department figures.

We’ve come a long way in half a year. Even if we get through this soon, there is still much to do in cleaning up the appalling rating agencies, and putting in place an effective regulatory framework for instruments like the $45 trillion in credit default swaps.

This entry was posted on Saturday, February 9th, 2008 at 12:53 pm and is filed under Democrats, General, Republicans, business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.