The big news last week was three banking leaders coming out and saying their banks are profitable or will be profitable, or do not need to go TARPing again.

First, I am surprised that all of these three leaders came out within the same time frame.

Second, do we really think these leaders have left any credibility in what they say?

Third, from a different viewpoint, weren’t these the very same folks who have been part of this ongoing lack of confidence or credit issue? continue reading rest of the article….