Banking Trade Group Annoyed

Ed Yingling,President and CEO of the American Banking Association,a trade group,has denied that the financial crisis is a banking malaise.This is not a crisis in the FDIC-insured banking field;it is a Wall Street crisis,he insisted.These banks by and large are in good shape,Mr.Yingling said.We have an industry with almost 1.5 trillion in assets.A lot of this crisis is just speculation on Wall Street,Mr.Yingling remarked bitterly.