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The nation's largest banks yesterday learned how much money the government projects they will lose over the next two years, the result of "stress tests" to determine whether they need more capital to survive those losses.
The government hopes to reassure investors that most banks are in good shape. But at least one firm was told yesterday that it must raise more capital, according to a person with direct knowledge who spoke on condition of anonymity because of the sensitivity of the information.
Banks required to raise money have several months to find private investors before they are forced to accept federal aid. Other banks may be required to improve the stability of their capital reserves by issuing common shares to preferred shareholders. In some cases, the efforts to buttress capital could force companies to sell the government a significant ownership stake.
Originally posted by JacKatMtn
Just more of the behind the scenes manipulation of business by the government.
Yet, instead of preventing companies from becoming too big to fail, the Fed/Treas/Admin of this country were forcing banks to absorb/acquire other big banks? I don't follow that logic.
Originally posted by JacKatMtn
Until the Government gets out of the way, and let's the chips fall where they may, everything associated with the markets has the mark of manipulation.