Comments on: Ugly Process: Rationalizing Insolvent Banks Existence

By: Banks are not going to pay us back anytime soon « Stocks Go Up. Stocks Go Down.

Thu, 30 Apr 2009 00:20:14 +0000

[...] are not going to pay us back anytime soon Jump to Comments Big Picture: “At least six of the 19 largest U.S. banks require additional capital, according to preliminary [...]

By: WSJ Staff

WSJ Staff — Wed, 29 Apr 2009 15:32:45 +0000

The government confirmed the following list of the 19 banks undergoing stress tests:

J.P. Morgan Chase & Co.

Citigroup

Bank of America Corp.

Wells Fargo & Co.

Goldman Sachs Group

Morgan Stanley

MetLife

PNC Financial Services Group

US Bancorp

Bank of NY Mellon Corp.

SunTrust Banks Inc.

State Street Corp.

Capital One Financial Corp.

BB&T Corp.

Regions Financial Corp.

American Express Co.

Fifth Third Bancorp

Keycorp

GMAC LLC

By: batmando

batmando — Wed, 29 Apr 2009 15:22:55 +0000

How many times we gonna test 870?
High / Close
4/16 870.35 / 865.30
4/17 875.63 / 860.87
4/24 871.80 / 866.23
4/29 874.02

Andy T?

By: Stuart

Stuart — Wed, 29 Apr 2009 15:07:39 +0000

The question is does the Fed announce an expansion to its QE efforts this afternoon.

By: Stuart

Stuart — Wed, 29 Apr 2009 15:02:21 +0000

“The Treasury and Federal Reserve can no longer be considered honest brokers of the process.”

Detached skepticism, necessary for effective governance over the banks cannot be possible when the Fed and the Treasury are instead lead by interested men.

Useful terms.

By: constantnormal

constantnormal — Wed, 29 Apr 2009 14:19:49 +0000

@ Mike in NoLa 8:03

re: GDP –

“Most likely it surprises to the upside all the money pumped in could raise figures, even if not doing anything useful. Earnings reports world over are bad, but the headline is that they are beating expectations.”

So now that it turns out differently, what do you think that says about the direction we are moving in? hmmmmm?

I guess we need a government-administered stress test for the GDP, so we can put a rosy face back on things, and continue to see green sprouting everywhere instead of the gray of the recently deceased.

By: constantnormal

constantnormal — Wed, 29 Apr 2009 14:14:59 +0000

Say, Barry, I know this is a bit off-topic, but do your tech folk have any idea how the bots are getting past the WordPress signup filters?

By: zot23

zot23 — Wed, 29 Apr 2009 14:04:34 +0000

This has gotten so bad even they can’t pretend it makes sense anymore.

By: The Curmudgeon

The Curmudgeon — Wed, 29 Apr 2009 13:51:13 +0000

“…the finacial equivalent of lead into gold.”

Pretty much sums up the last decade, from at least 1998’s LTCM bailout ’til now. Krugman’s piece was dead on–how have the financiers added value to anything? The lead is still lead, no matter how clever are your financial machinations to the contrary. Lead is lead, even when the biggest dog in the room says otherwise. Reality is a bitch that can take a lot of slapping and still be a bitch.

By: snapshot

snapshot — Wed, 29 Apr 2009 13:33:21 +0000

I wonder if the reason the consumer is not falling off a cliff is due to the refinancing taking place.
How long can that last? Those who had the equity and wanted the lower rates have probably already jumped in. No raises. Stricter rules/ higher rates on CC. How are higher consumer numbers sustainable?