SNL: Geithner Stress Test Results
By Barry Ritholtz - May 11th, 2009, 12:15PM
The bank stress test answers are graded.
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
read more »
The Big Picture is proudly powered by
WordPress
Entries (RSS) and Comments (RSS).
Entries (RSS) and Comments (RSS).
May 11th, 2009 at 12:36 pm
Looks like citigroup was the only bank to get all the questions correct! ha
May 11th, 2009 at 2:03 pm
Wow. I don’t watch alot of TV, but I assumed J6P really didn’t care about the bank bailouts anymore (tea-party people excepted). Obviously people were laughing their a$$es off. This is a good sign.
Personally, I’m keeping my pitchfork nice and sharp, but maybe there’s hope for a reversal on the bailouts — and a little clawback where necessary.