Posted on 05/06/2009 1:28:31 PM PDT by Kartographer
“This whole process has been a fiasco,” says banking analyst Bert Ely. "There are strongly different opinions on the conditions of these banks. This has aggravated it without necessarily settling anything. The majority of the sentiment in the market is that the stress tests results [will be] too optimistic."
(Excerpt) Read more at cnbc.com ...
I have yet to see what it means.
How are they ‘stress’ testing who ever it is they are talking about?
[Tagline in "memory" of National Day of Prayer]
“This whole process has been a fiasco...”
NOOOOOOOOOO, who would of thunk!
It’s very simple:
If you don’t do exactly what Rahm Obama says, you’re stressed.
Ok, the bank runs a test where they forecast another 10% drop in house prices and their projected losses. They ten see if they sufficient capital. They then do a 20% down scenario. Etc.
Then they guess what the most likely scenario is the one where they say the banks may need. All a guess.
House prices are likely to fall below where the stress test is set.
Sly is a fool and is a paid shill for the banks. He is like an evil Santa Claus.
Thanks, that helps a lot!
If it wasn't for the smell of the dead fish he carries around to mail to his enemies, we would never know he was behind the curtain!
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