OT-Bank Stress Testing to satrt soon

  • Posted: 21 February 2009 09:12 PM

    http://money.cnn.com/2009/02/21/news/economy/stress.tests.reut/index.htm

    Let’s get the testing done!!

         
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    Posted: 22 February 2009 01:58 AM #1

    Alice, I am not so sanguine about the ‘stress testing’.  There are reasons to believe stress testing is impractical or will simply yield what Roubini et al have been claiming: the banks are insolvent.

    The Reuters story can be interpreted in a benign fashion: Uncle Sam will test you and, if you need it, give you some $$$ medicine (the ‘extra cushion of support’).  On the other hand, the momentum is building behind nationalisation: the tests may be harbingers of the end, at least for C and probably BAC.

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    Ah, love, let us be true to one another! for the world… hath really neither joy, nor love, nor light, nor certitude, nor peace, nor help for pain

         
  • Posted: 22 February 2009 02:35 AM #2

    Winterpool - 22 February 2009 05:58 AM

    Alice, I am not so sanguine about the ‘stress testing’.  There are reasons to believe stress testing is impractical or will simply yield what Roubini et al have been claiming: the banks are insolvent.

    The Reuters story can be interpreted in a benign fashion: Uncle Sam will test you and, if you need it, give you some $$$ medicine (the ‘extra cushion of support’).  On the other hand, the momentum is building behind nationalisation: the tests may be harbingers of the end, at least for C and probably BAC.

    If gov is going to take over C and BAC then just do it!  Let’s take the pain now and get it over with.  It’s worse having this drag on.

         
  • Posted: 25 February 2009 03:28 PM #3

    Bank stress details are out.  Stress testing will be completed by end of April 2009.

         
  • Posted: 25 February 2009 03:35 PM #4

    Here’s the link:  http://www.financialstability.gov/

         
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    Posted: 25 February 2009 03:48 PM #5

    alice - 25 February 2009 07:35 PM

    Here’s the link:  http://www.financialstability.gov/

    I thought the banks were already “stress tested” and failed miserably.  :bugeyed: