2009-02-23 — ml-implode.com
"More interesting to me is the section of the article regarding the Fed’s new focus on tangible common equity. As regular readers of OptionARMageddon are aware, we’ve been focused on this metric for some time. We even got into a long distance argument via FT Alphaville with high-profile bank analyst Dick Bove about the significance of the measure. Good to see that the government is finally focusing on the right number."
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