Stress Test Results..coming in 30 minutes....

[BTOWN_HUSTLA]

Strange how they delayed them from Monday. I think the results leaked? seems shady...wonder if they are reliable.

 

[maxiep]

Strange how they delayed them from Monday. I think the results leaked? seems shady...wonder if they are reliable.

They're bullshit tests in the first place whose goal is to sell the idea that the Federal Government need to take a more active role in the banking system. It's just a step towards the nationalization of our banks.

 

[BTOWN_HUSTLA]

not so bad it looks. BofA needs 30billion though.

about half need a buffer.

 

[maxiep]

not so bad it looks. BofA needs 30billion though.

about half need a buffer.

I'd like to see government give itself a stress test and see how it does.

 

[BTOWN_HUSTLA]

to big to fail!

 

[Shooter]

 

[The_Lillard_King]

NEW YORK – Stocks soared Friday as Wall Street cheered the positive news it had been hoping for: Job losses slowed in April and big banks don't need as much capital as some had feared. All the major indicators rose more than 1 percent, including the Dow Jones industrial average, which jumped 150 points.


http://news.yahoo.com/s/ap/20090508/ap_on_bi_st_ma_re/us_wall_street

 

[BTOWN_HUSTLA]

these stress tests were taken when the nation needed a rushed, foolish spending plan to pay off pet projects when Obama was pushing for the stimulus package IIRC.