Yesterday, Citigroup CEO Vikram Pandit said his bank was profitable during the first two months of the year and is enjoying the best quarter-to-date performance since 2007.
Today, JPMorgan CEO Jamie Dimon said the company has been "solidly profitable" so far this quarter.
Hmmm. That's only two of the big banks but might this be an early signal that the financial intervention that President Obama has been leading on, since the very moment he won the election, is working?
Again, it's early but these are some very encouraging signs. Even CNBC just said that it does seem that the big banks which took TARP money are starting to see a turnaround.
Anyone else wonder what is being muttered in McConnell's and Boehner's office right now?
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