(1:58)
Barron’s Mike Santoli discusses the current expectations surrounding the ongoing stress tests for top banks and what will happen to the banks that can’t pass muster.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
They can’t have all 19 pass so they’ll slam the regionals and continue the concentration of power in the mostly reckless too-bi-to-fail banks
http://news.yahoo.com/s/ap/20090421/ap_on_bi_ge/us_banks_stress_tests
I’ll second rktbrkr- it’s sounds like a fucking setup- if all the “usual suspects” pass- then we will know the fix is in
This is a morale booster, the TARP is working great, just need one more round as “insurance”.
Real stress tests were probably run concurrently in secret, “Jeezus, BAC’s nearly as bad as CITI and so is WFC! We need to tell the public everything is fine and keep feeding them cash and see what happens”
**SITE NOT LOADING UP RIGHT USING SAFARI** Please fix for us Mac intelligentsia… It is working ok using Firefox.
site works fine on my safari (3.2.1) on my mac (os X 10.5.6). you may not be getting the necessary style sheet(s). hit reload until the formatting works.