"Management needs to be evaluated,”

That's Sheila Bair, head of the FDIC, talking about the banks we are financing. Percahnce, the evaluation will mean replacing some of the management. The market didn't like this too well as the KBW Bank Index fell 3.8%.

I guess the market thinks the bankers who got us here are still doing a wonderful job and should be retained. Talk about stupidity and wishful thinking.