Former Bank Regulator; Stress tests are a sham!!

finance.yahoo.com...

gee what a joke

first listen to the video.....otherwise the rest may not make sense

and to anyone who needs to see thru the lines....the following is a paraphrase from the gov't release regarding the progress of the stress test

The gov't announced that the Banking sector "broadly speaking" is doing better than "most people" seem to think

however some of america's biggest lenders continue to need more lending support

so between the lines.......the small and regional banks are doing pretty well....but the culprits of the mess (BOA, JPM, C, etc) still will get more taxpayer funds...

The stress test is a smokescreen that was undermanned but used to provide "confidence" in the system.... to provide NEEDED POLITICAL COVER to further inject the banks with more bailout funds......Summers and Geithner need to be FIRED by FORCE!

[edit on 9-4-2009 by cpdaman]

reply to post by cpdaman


Good Post! Wonder who they really think they are fooling...
Giethners "stress tests" are really more like handholding.

Simon Johnson (former IMF Exec) says that this kind of iffy, nervous
"testing" is not real, just a cover up to keep unnamed (C of BAC) zombies, and ultimately this will cause the markets to stagger and sag.
Nouriel Roubini argues too that C and BAC are insolvent, and it we wait six months, all nineteen banks will be insolvent!