the wonderful massive new stimulus and tax cuts already driving interest rates much higher, which will hurt RE, housing and refi's of mezzanine/other debt due thru 2012- REITS, builders etc. all will be hurt by this. FED won't be able to stop the rise no matter how much they buy.. like now. mortgage rates in spring will be back over 5% just in time to crush the spring housing swing up this year. Banks will just play spread, why should they lend?! borrow from FED at 0, buy govt bonds.. sad.
They have made enough, the banks are getting ready for buying their own shares once the fraudulent stress test allows for it, along with dividends. They had TRILLIONS loaned to them to make money from. No disclosure of it while the illusion was TARP was the only thing being provided and CEOs outright lying about the assets they held without mention of the billions loaned to them.