It's About Liberty: A Conservative Forum
Topics => Economy => Topic started by: Libertas on March 13, 2012, 11:08:50 PM
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Citigroup was a foregone conculssion. But lest we take any good news from this, it is probably worse, since it is almost a certainty that the parameters have been jiggered with and the modeling could be way off base for losses should things turn really south.
http://ca.news.yahoo.com/citi-ally-suntrust-metlife-fail-stress-tests-205649742.html (http://ca.news.yahoo.com/citi-ally-suntrust-metlife-fail-stress-tests-205649742.html)
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Whelp, we know we are being played, that's a given.
And we can see that among other things this is another
kickback to Unowho.
Three others -- Ally [Ally, formally GMAC acquired by Uncle Sam along with GM manufacturing and slush fund. So he's again going to bail out his bank to pay union trust fund with our money., Suntrust and MetLife -- also failed the tests, while 15 other large bank holding companies passed the exercise, the Fed said.
And J.P. Morgan passed the test, surprise. This helps keep gold down and the worried subdued. Insert giff ::volumetrading::
Common folk are going to have a difficult time coming out of this whole.
It will take ten years to straighten this out. Romney's so weak.
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15 out of 19 is a passing grade of 79% .... a low end "C" . Not terribly impressive .
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But remember, all is well!
::exitstageleft::
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Animal House - All Is Well! (http://www.youtube.com/watch?v=zDAmPIq29ro#)
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That's about it!
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I trust these stress tests as much as I do the parameters used to show global warming.