There is no end to Barry's bailouts.
Posted on 04/24/2009 12:55:27 PM PDT by Zakeet
The Fed says the 19 companies that hold one-half of the loans in the U.S. banking system won't be allowed to fail -- even if they fared poorly on the stress tests.
The Federal Reserve says the government is prepared to rescue any of the banks that underwent "stress tests" and were deemed vulnerable if the recession worsened sharply.
The Fed says the 19 companies that hold one-half of the loans in the U.S. banking system won't be allowed to fail -- even if they fared poorly on the stress tests.
The tests are intended to measure whether banks have enough capital to withstand losses on mortgages and other assets if unemployment rises and home prices fall further.
Investors had feared the tests would highlight some banks' vulnerability to failure.
Federal regulators on Friday privately began telling the nation's 19 largest financial institutions how well they performed in stress tests to assess their soundness.
Regulators trying to stabilize the financial system also will release the test methodology they used, which could provide clues about which banks may be in trouble -- but also could unwittingly roil the industry.
The results of the stress tests won't be publicly released until May 4.
The slow-motion rollout is intended to blunt market reaction to the news of which banks are healthy, which ones could fail if the recession worsens and which need more money to survive.
News reports, including a confidential outline of the tests first reported by The Associated Press this week, have led analysts to start handicapping which banks could fail. The speculation will intensify with Friday's release of the test methodology.
"I'm worried about the overreaction -- people selling every bank short and pulling out all their deposits and hiding their money in the mattress," said Scott Talbott.
(Excerpt) Read more at foxnews.com ...
There is no end to Barry's bailouts.
We’re from the Government, and we’re here to help (ourselves).
Fed is going to offer to “SAVE” banks by firing the CEO and taking over the bank ?
Someone needs to tell the people that created the Crisis ( Govt.) to Shuv it.
The meaning of save? Not unlike the meaning of is...
Feds need to stay out of our banks and Barry Soetoro needs to go away.
Well, Mr. Banker, Barry has ways of making you want to be saved, capiche?
This was the true purpose of the “stress tests” — to see what the next round of bailouts would be. We called that here a week ago, and that wasn’t the first time.
Possibly only the dates of bailouts, bankruptcies of the big players, etc. We have a good track record here of knowing the "whats", just not exactly the "whens".
The bailouts are designed to let their friends get out before the bankruptcy or collapse. That's all.
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