Comments on: Geithner’s Stress Test “A Complete Sham” http://www.ritholtz.com/blog/2009/04/geithners-stress-test-a-complete-sham/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 21:16:44 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Moss http://www.ritholtz.com/blog/2009/04/geithners-stress-test-a-complete-sham/comment-page-1/#comment-161211 Moss Fri, 10 Apr 2009 02:07:51 +0000 http://www.ritholtz.com/blog/?p=23489#comment-161211 Everybody has an opinion. Let's wait and see what comes out. They need to buy time so the banksters can take advantage of the ridiculous float to add to operating income. Everybody has an opinion. Let’s wait and see what comes out. They need to buy time so the banksters can take advantage of the ridiculous float to add to operating income.

]]> By: FromLori http://www.ritholtz.com/blog/2009/04/geithners-stress-test-a-complete-sham/comment-page-1/#comment-161195 FromLori Fri, 10 Apr 2009 01:09:15 +0000 http://www.ritholtz.com/blog/?p=23489#comment-161195 dunnage obama is a fascist in training he received the largest contributions from the banks, citi fraud was the largest contributor to his inaugeration if anyone in our now communist media looked into they would have found plenty but they weren't directed to do that obviously. obama voted for the bankruptcy bills that benefitted the banks with his own party pleading for him not too now I don't agree with all the writers assumptions but I found this on dummies underground long before the election and everyone on there just shouted it down he will be the death of our country. http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x4827928 dunnage obama is a fascist in training he received the largest contributions from the banks, citi fraud was the largest contributor to his inaugeration if anyone in our now communist media looked into they would have found plenty but they weren’t directed to do that obviously. obama voted for the bankruptcy bills that benefitted the banks with his own party pleading for him not too now I don’t agree with all the writers assumptions but I found this on dummies underground long before the election and everyone on there just shouted it down he will be the death of our country.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132×4827928

]]> By: rks625 http://www.ritholtz.com/blog/2009/04/geithners-stress-test-a-complete-sham/comment-page-1/#comment-161152 rks625 Thu, 09 Apr 2009 22:33:22 +0000 http://www.ritholtz.com/blog/?p=23489#comment-161152 I watched this guy Black on Bill Moyer's show last week. For all his "qualifications", he is on the outside - how do we know he knows what he is talking about? I watched this guy Black on Bill Moyer’s show last week. For all his “qualifications”, he is on the outside – how do we know he knows what he is talking about?

]]> By: dunnage http://www.ritholtz.com/blog/2009/04/geithners-stress-test-a-complete-sham/comment-page-1/#comment-161151 dunnage Thu, 09 Apr 2009 22:31:55 +0000 http://www.ritholtz.com/blog/?p=23489#comment-161151 Well, considering the circumstances, as Klugman might say: Unemployment has this "natural rate" so while let us say 12% unemployment is admittedly high, one would not refer to it as "excessive" in the classical senses due to prevailing conditions. No schools gonna be built this time around. Nobody is going to miss Obama. Well, considering the circumstances, as Klugman might say: Unemployment has this “natural rate” so while let us say 12% unemployment is admittedly high, one would not refer to it as “excessive” in the classical senses due to prevailing conditions.

No schools gonna be built this time around.

Nobody is going to miss Obama.

]]> By: dunnage http://www.ritholtz.com/blog/2009/04/geithners-stress-test-a-complete-sham/comment-page-1/#comment-161145 dunnage Thu, 09 Apr 2009 21:58:40 +0000 http://www.ritholtz.com/blog/?p=23489#comment-161145 The Stress Test reminded me immediately of Colin Powell at the U.N.. See these blurry pictures of a grain bin and a truck. Well, I'll have you know that that isn't even real sand.. It's a Mind F... . I miss Paulsen. Give me big pile money so I can give it to my friends for your all good. And he did just that confusing most everybody. Who the hell is Obama?" The Stress Test reminded me immediately of Colin Powell at the U.N.. See these blurry pictures of a grain bin and a truck. Well, I’ll have you know that that isn’t even real sand.. It’s a Mind F… .

I miss Paulsen. Give me big pile money so I can give it to my friends for your all good. And he did just that confusing most everybody.

Who the hell is Obama?”

]]> By: Eric Davis http://www.ritholtz.com/blog/2009/04/geithners-stress-test-a-complete-sham/comment-page-1/#comment-161143 Eric Davis Thu, 09 Apr 2009 21:55:25 +0000 http://www.ritholtz.com/blog/?p=23489#comment-161143 LOL, Romer came out and said it. Gave a little wink and a nod to the idea that it was "Like FDR" where in order to install confidence they closed the banks, and let people assume that the ones they reopened were safe. It's in the play book.... They said it, and have said it repeatedly.... But somehow this stuff is a surprise..... I guess what FDR did was "Orwellian" too, I guess we will have to suffer with similar success as FDR had, Tipple the market and cut unemployment by 2/3rds... Damn Orwellians! I still love the constant "Obama, not change I believe in"... I mean damn, I guess he isn't superman... I'm going to let everyone in on something... He is a human, and there are no unicorns, nor Santa Clause, And statesmanship is compromise... I guess he left his magic wand in his other suit. LOL, Romer came out and said it. Gave a little wink and a nod to the idea that it was “Like FDR” where in order to install confidence they closed the banks, and let people assume that the ones they reopened were safe.

It’s in the play book…. They said it, and have said it repeatedly….

But somehow this stuff is a surprise…..

I guess what FDR did was “Orwellian” too, I guess we will have to suffer with similar success as FDR had, Tipple the market and cut unemployment by 2/3rds… Damn Orwellians!

I still love the constant “Obama, not change I believe in”… I mean damn, I guess he isn’t superman… I’m going to let everyone in on something… He is a human, and there are no unicorns, nor Santa Clause, And statesmanship is compromise… I guess he left his magic wand in his other suit.

]]> By: dunnage http://www.ritholtz.com/blog/2009/04/geithners-stress-test-a-complete-sham/comment-page-1/#comment-161142 dunnage Thu, 09 Apr 2009 21:52:31 +0000 http://www.ritholtz.com/blog/?p=23489#comment-161142 Stress Sham: Now you know why the changes to Mark to Market were ambiguous? 1. Money Centers get the Stress Test. Only one result possible. Pass. Give UAW Pension to Goldman. 2. Send Mark to Market Regulators and Auditors to the Commercial Banks -- So tough on Main Street: Great for Treasuries image and Wells Fargo needs their deposits. Interesting that those that get the $ need special rules to last long enough to get more $ till hell freezes over. Stress Sham: Now you know why the changes to Mark to Market were ambiguous?

1. Money Centers get the Stress Test. Only one result possible. Pass. Give UAW Pension to Goldman.

2. Send Mark to Market Regulators and Auditors to the Commercial Banks — So tough on Main Street: Great for Treasuries image and Wells Fargo needs their deposits.

Interesting that those that get the $ need special rules to last long enough to get more $ till hell freezes over.

]]> By: tenaciousd http://www.ritholtz.com/blog/2009/04/geithners-stress-test-a-complete-sham/comment-page-1/#comment-161039 tenaciousd Thu, 09 Apr 2009 17:52:18 +0000 http://www.ritholtz.com/blog/?p=23489#comment-161039 I voted for Obama with the lingering sense that he'd let me down at some point. (For the longest time, I blamed myself for being jaded or cynical.) But, I never thought he'd dash my guarded optimism so completely with his very first nominee. I get the strange sense that in a hundred years school kids will look back on the late 1900s and early 2000s just as we do the late 1800s. An era of robber barons and corrupt or spineless Presidents. No one will bother to remember the policy particulars of Reagan, Clinton, the Bushes, or Obama any more than we do Arthur, Cleveland, or McKinley. Just a bonus test question here or there. Cleveland: the first to get married in the White House. Obama: the first black President. I voted for Obama with the lingering sense that he’d let me down at some point. (For the longest time, I blamed myself for being jaded or cynical.) But, I never thought he’d dash my guarded optimism so completely with his very first nominee. I get the strange sense that in a hundred years school kids will look back on the late 1900s and early 2000s just as we do the late 1800s. An era of robber barons and corrupt or spineless Presidents. No one will bother to remember the policy particulars of Reagan, Clinton, the Bushes, or Obama any more than we do Arthur, Cleveland, or McKinley. Just a bonus test question here or there. Cleveland: the first to get married in the White House. Obama: the first black President.

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