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Your post isn’t clear to me. What we do know is that TARP wasn’t doled out equally, equitably or to all banks. It was a political solution in which government chose winners and losers. Where are S&Ls or regional banks? The S&Ls disappeared in the last RE crisis and we’re losing regional banks now, why? Big likes big.

That’s bad government and no thank you. All the things that caused the last RE crisis are still in place. I hope they move to end government mortgages and go to a system of last in line mortgage insurance, if at all. Let the market manage the banks and let competition rule. Then consumers will be king.

Too big to fail banks got there via government assistance and welfare. It’s a nonsense position to pretend that they’ve managed this crisis well. They caused it and helped their friends profit from it.

Everyone's abuzz on yesterday's dive, even while this morning's metals and index futures are flat Lots of news:

World equities hit two-week low as tech stocks retreat Global equities slipped to a two-week low on Friday as a sell-off on Wall Street led by technology and biotech shares and triggered by concerns that valuations are over stretched spread to Asia and Europe. The MSCI All-Country World index fell 0.4 percent by 0759 GMT to a two-week low, while the MSCI Europe index dropped 0.8 percent. "The sell-off is the result of increasing concerns about the future earnings growth," said Christian Stocker, equity…
Gartman: Stay out of stocks for a month or so Dennis Gartman of "The Gartman Letter" says he's staying out of stocks for a month or more. CNBC…
Two New Studies Raise Red Flags on Obamacare Barack Obama wasted little time last week declaring victory as the deadline for enrollment in Affordable Care Act exchanges expired – well, more or less, anyway. The White House celebrated as it announced that 7.1 million consumers had signed up for health insurance through the federal and state… The Fiscal Times…
Jeff Saut: The bull market will survive a rough spring Raymond James Financial's Jeff Saut isn't shaken by recent market volatiliy, here's why he still sees stocks going higher Breakout…
This is the make-or-break level for biotech It's the sector that has been making investors nervous all month. And now, it's fallen to a critical technical level. Talking Numbers…
Family Dollar to Close 370 Stores, Cut Jobs Family Dollar Stores Inc. (FDO) , facing an increase in retail competition, is closing about 370 stores and conducting a review to improve its business. Family Dollar, whose largest shareholder is billionaire hedge-fund manager John Paulson, is contending with more competition from rival discount… …
5 Reasons Why the NASD Selloff Spells CAUTION - Adam Shell, USA Today
Why This Stock Market Needs Correction - Jonathan Burton, MarketWatch
Here's the Weird Thing About Tumbling Stock Market - Joe Weisenthal, BI

--oh yeah, HAPPY FRIDAY!!!!

Where are S&Ls or regional banks? The S&Ls disappeared in the last RE crisis and we’re losing regional banks now, why? Big likes big.

Next up? Credit Unions. I have had some personal discussions with some in the know, and there is fear these will be the next targets. These folks who provide such a great service to all of us, just don't fit the Pottersville business model of the megabanks.

...post isn’t clear to me. What we do know is that TARP wasn’t doled out equally...

Exactly, the subject of how the crisis was handled drew lots of controversy, debate, and passion --and after all this time I'm still unable to make simple the difference in '08 - '09 between the monetary and the fiscal policy decisions --that difference is something that was never even really understood until the 1940's.

We're together on the fact that tax'n'spending went down the poopshoot big time starting back with the 110th congress, and it continued though GM, O'care, etc. --and that's the fiscal policy package we hate. I'm seeing the past few years of monetary policy as being nicely done. We're very fortunate that we got spared a deflation threat not seen since the one in the thirties --one that arguably resulted in the deaths of tens of millions. TARP was monetary policy; the goal was maintaining the money supply for survival of the Republic. It worked, and all that silly "equality" stuff was stuff for other people to worry about some other day.

Later, a lot of the confusion was caused by the slimy left-wingers who wanted to cash in on TARP's successes and pretend that somehow tax'n'spending (fiscal policy) for GM, O'care, pottery lessons on Morocco, etc. etc. were somehow just the same thing as TARP and just as important. We can agree that even though government's bad when it makes us lose our Doctor, it's good when makes sure the dollar functions so our Marines can have enough ammunition.

No matter what though, it's nice to know I'm not the only morning person on the FR ;)