Subprime was an isolated incidence right?

Forgot to mention that the guys running the stress tests are the same who said, on many occasions, that sub-prime was an isolated incidence.
Now they say the banks look great and also the economy is going to be perfect come year end.
This is from those who never thought we had any problem in the first place.
Yeah ! that's a good reason to trust these Einstein's.
The way I look at it: Earnings estimates were down so much so fast that this quarter companies beat them rather easily.
But lets see what happens over a period of time. Not the next quarter but next few quarters.
Lets see if these banks make some real money not borrowed money from taxpayers.

I want to see the economy on a firm footing, then we will be out of the woods.
When something falls 50% , then it takes a 100% rally to get back to break even.
Just keep that in mind.