The market began to rally today after Ben Bernanke said that accounting standards for illiquid assets need to be revised, and a leaked Citigroup memo had the CEO telling employees that the bank posting substantial earnings so far this year. What’s the over/under on how long before the the MDMA wears off?
[WSJ, NYT]
Full Text of Bernake’s Speech [Federal Reserve] (Photo: AGRR 4059)

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