New Stress Tests for Banks.

Discussion in 'Economy' started by Neubarth, Jun 9, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    New Stress Tests for Banks.

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    Talk in Washington is that there will be a new round of stress tests for the major banks. Fact of the matter is that the previous stress tests did not even consider the conditions that existed in May, and since conditions are a Hell of a lot more worse than May, we have to do it again.

    I wonder if the Banks this time will be able to float more worthless shares on the gullible public? They did great last time with the falsified earnings in the first quarter.

    It is all about getting money out of the money hoarding public. If the fools buy, the banks just might make it through the next two years. It is going to be a reach.

    I do not think we can save the major banks if we do not get the fools to buy $50 Billion worth of more shares after this stress test coming up.
     
  2. wimpy77
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    wimpy77 Member

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    i think you got it backwards there was an independent agency that said they wanted the fed and treasury to retest the banks. the fed hasn't said whether they will redo it or not.
     

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