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DepewTube: Fifth Third To Pass Collection Plate


Markets, movers and more.

On Executive Editor Kevin Depew's radar this morning? Fifth Third Bancorp (FITB) and its $2 billion capital raise. Whereas Bear Stearns was and Lehman Brothers (LEH) is a Wall Street bank, Fifth Third Bancorp is a Main Street bank. The mere perception of trouble could blunt consumer confidence -- already at its lowest level in 20 years -- and threaten consumption in the second half of the year.

There may also be a lesson for Federal Reserve chairmans past (Greenspan) and present (Bernanke) in the 150% increase in bankruptcy filings by seniors between 1991 and 2007. Artificially low interest rates, plus a fixed income and rising healthcare, food and energy costs, do not a pretty picture make.

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