ALLY/GMAC has been making $30K loans to cerit criminals with 450 credit scores for months now, to boost Obama's economic Output numbers via Government Motors.
To MOD: How do you excerpt a very short Breaking News Story? Whodathunk it might be harmful to the banks bottom line??
Failed so far:
Citibank
Sun Trust Financial
Ally/GMAC
Metlife
Story says 15 of 19 major banks passed the stress test. My guess is the media will highlight the positive.
I’m not convinced making this public is going to shore up the banking industry, so what’s the real goal here?
They could have privately put these banks on notice, and told them to get up to speed ASAP, or fines to follow.
Those which failed are likely enemies of the state and their CEOs must have not paid the Obama regime protection $.
Released after close of business....
Run on these banks in the morning?
Caused by folks not understanding ...
Stock drop in morning...
meltdown ?
Passing = D minus minus ?
Wonder if the FED will make them close like they forced my local family owned bank to close 2 years ago.
The Peoples Bank in Winder Ga was family owned for 50+ years, and with a simple law change, they were forced (along with 25-30 other GA banks) to close their doors. Actually, they were forced to sell to a “stable” bank that had just been created to take advantage of the new law.
From their website:
“ Since its inception on January 29, 2010, CSB has acquired the assets and deposits of five banks from the FDIC: First National Bank of Georgia in Carrollton, GA; Appalachian Community Bank in Ellijay, GA; The Peoples Bank in Winder, GA (including El Banco de Nuestra Communidad); Bank of Ellijay in Ellijay, GA; and First Commerce Community Bank in Douglasville, GA. “
http://thecsbank.com/about-us.htm
Guess we now know which banks contributed to the DNC’s coffers, and which ones didn’t.