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I posted a comment on the NY Post site for that article:

It doesn’t matter what they SAY...it’s what they DO that gets people’s attention. And what they’ve done is scare away all private capital.

In previous takeovers they threw too many investors under the bus in favor of creditors and depositors. At just the moment the banks desperately needed an influx of capital, the gov’t put up a “Do not Invest” sign. Not knowing how the “rules” may change tomorrow, investors are staying away in droves.

I laugh at the media pretending that could have been made better if only Geithner had been more articulate at his disastrous press briefing.

Gasparino’s a smart guy. But he seems to be dancing around the “confidence” problem. Wall Street’s lack of confidence is directly attributable to the HARM that’s been done, not some lack of soothing language.