Article

2014-03-23 Economy

29 of 30 U.S. Big Banks Pass Stress Tests

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Posted by trailing wife 2014-03-23 00:00|| || Front Page|| [9 views ] Top

#1 The banks were measured against a situation when real gross domestic product contracts 4.75 percent, the unemployment rate hits 11.25 percent, equities shed half their value and home prices lose a quarter of their value.

Given the govt has already been caught cooking the books on stats, why do they assume those values are any indicator of a 'crisis' (vs what is happening right now?). Thus, why does it constitute a 'stress' test?

Posted by Procopius2k 2014-03-23 08:03|| 2014-03-23 08:03|| Front Page Top

#2 The banks were essentially the first to be compromised. Then came GM, the insurance companies, and big pharma. Wall Street investments are the final target, the end game.

Posted by Besoeker 2014-03-23 08:08|| 2014-03-23 08:08|| Front Page Top

#3 Well then... Interest rates can go back to 6%.

Posted by Bright Pebbles 2014-03-23 09:34|| 2014-03-23 09:34|| Front Page Top

#4 What is unpredictable is the givernments reaction to next inevitable fiscal crisis.

Posted by Airandee 2014-03-23 15:39|| 2014-03-23 15:39|| Front Page Top

#5 It's predictable - cover the a$$et$ of their fellow oligarchs and campaign contributors.

Posted by Procopius2k 2014-03-23 15:46|| 2014-03-23 15:46|| Front Page Top

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