The German word for "blossom" is also the word for counterfeit money. This kind of made me wonder about the US bailout good news stories. It seems that quietly about $350Mill of TARP money has started flowing back. Similar to Germany, the tight restrictions were seen as a competitive hurdle. More interestingly though one executive was quoted as saying: "We really didn't need the money"
So if banks start seeing that they don't need the cash, the stock market has been climbing non-stop for 4 weeks and the Californian real estate market is showing signs of recovery, I can only say: Spring has sprung! But don't go picking any blossoms.
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