Geithner: Banks can meet capital rules with profits

More of have one's cake and eat it too analysis.

If capital rules and accounting standard were indeed "tough", there'd be no profits to report. It, however, works to at least placate a public looking for bailout retribution.

Treasury Secretary Timothy Geithner said on Wednesday U.S. banks should be able to meet new higher capital rules through future profits without crimping lending in a way that would harm the recovering economy.

Source: finance.yahoo.com