I have not had time to review the entire report, but if Fast Money on CNBC had it right during their coverage, the one thing that this showed, is the potential impact of the the credit card debt. Besides that, is seemed that the minimum additional capital requirement were not as bad as expected.
I'm still not sure on the exact details, I seem to remember hearing that the capital requirements were all based on 12/31/08 numbers, if that's true for the banks that claim a profit as of 3/31, perhaps the capital requirements have already gone down. I'll have to see if anything comes out about this and post what I find in the next couple days.
Saturday assorted links
9 hours ago