Major Disconnects in Financial areas

It certainly seems like there is major conflicting information in the areas of this countries financial industry's health.

On the one hand the equity markets have made large percentage gains based around a financial sector rally on positive earnings statements by Goldman Sachs and Wells Fargo...made possible through taxpayer handouts and funky accounting through the shifting of their fiscal calendar. (and here as well)

On the other hand we have:

• continuing rhetoric by Geithner that further bail out funds may be necessary
• numerous pundits that made the originally correct calls on this mess saying that things are not okay
• the talking-head rhetoric that conditions getting worse less rapidly is somehow said to be "getting better"
• changes in mark-to-market accounting that will allow a shell game for banks to hide behind as far as their real financial well being
• "stress tests" that will not be made public that will allow banks to hide their real financial well being
• commercial real estate is still getting worse
• consumer credit is not getting better

And, why would Goldman Sachs need to contemplate a stock offering to raise funds to repay debt if things as as robust as they claim? Probably still have ample cash laying around from ransacking taxpayers over AIG?

Other good reads, here, here, and especially here.

No, it doesn't add up if we have a healthy financial system...it only adds up if D.C. and Wall Street are basically one and the same.