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CNBC's "Last Call"

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The Liquidity Crisis and the Banks' Balance Sheet

For the top tier banks, it was Carl. I mean, there's no question that the market kind of gave you all clear sign on the toptier banks. It didn't say the same thing about the regional banks,. There was a big question going into today whether or not there was something hidden on the bottom. The balance sheet for the big banks. And I think they cleared that hurdle. Yeah. Herb, have we moved at least from liquidity crisis to maybe a story where it's long-term earnings pressures? Are they going to play out over time?

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