Bloomberg: Geithner Says Most U.S. Banks Have Enough Capital

reasury Secretary Timothy Geithner told a congressional panel that the “vast majority” of U.S. banks have more capital than needed.
He also said there are signs of thawing in credit markets and some indication that confidence is beginning to return.
“Indicators on interbank lending, corporate issuance and credit spreads generally suggest improvements in confidence in the stability of the system and some thawing in credit markets,” Geithner said in prepared testimony to the committee overseeing the Troubled Asset Relief Program.
Earlier today, Geithner said the program has enough money for bank rescues even under “conservative” estimates.