The Banking System Is Safe and Sound

Congresswoman Maxine Waters: "We're not bailing out. This is not a bailout, and they should feel confident that their taxpayer dollars are not being used" Charlie Munger of Berkshire Hathaway believes US banks full of bad commercial property loans will create more problems down the line. JP Morgan's Jamie Diamond says this part of the crisis is over; U.S. government has stepped up to work it out.