[Toddsterpatriot]

Some observers called the banks' refusal to sell the so-called legacy assets and the move to repay the government as signs that the worst of the crisis had passed; others countered that any signs of bank profitability rested more on accounting changes than changed business conditions,

You mean that bonds which were marked down (but not actually sold) are now being marked back up? That's a shocker, I thought they only marked bonds down.

[1rudeboy]

I just knew there is more to this story. When even Fleck(enstein) praises Paulson's "fancy footwork," you have to figure that some chips fell where they should.

So, what's the deal? Are we confusing the govenment's initial reaction with what followed?

[org.whodat]

Did anyone mention bonds, no just you. I think the reference is to the value of those real estate bundles in free fall.

[org.whodat]

The banks have since been scrambling to raise the money through stock offerings and other financial moves. Banks that were not deemed to need more capital and that want to repay bailout funds must prove they can raise money without relying on guarantees against losses provided by the Federal Deposit Insurance Corporation.

Story I posted here,http://www.freerepublic.com/focus/f-news/2269463/posts