Make a Comment • Email Link • Send Letter to Editor IPFS News Link • Obama Administration Fed Determines Banks Need $74.6 billion in Fantasyland Scenario, $599 Billion in Cakewalk Scenario 05-07-2009 • Michael Shedlock / Mish The banks were insolvent and many still are. The Fed has thrown $trillions at this mess and the banks remain short of capital. Watch Streaming Broadcast Live: LRN.fm Watch live shows and archives TV Live Chat Telegram Share this page with your friends on your favorite social network: