Results of 'stress tests' of 19 financial firms

AP via Yayoo Finance ^ | May 7, 2009

[AH_LiveRight]

Here are the results of the government's stress tests of financial companies with at least $100 billion in assets released Thursday:

Of the 19 companies tested to see how they could handle a worsening economy, 10 were found to need more capital:

[AH_LiveRight]

So ten of the largest banks in the US are insolvent. There is a flu virus, and a baseball player tested positive for drugs.

Look, shiny metal things!

[Gaffer]

It’s a good thing I own an assload of money to BOA and not a damn thing for collateral....it’s all on signature with no security......ha ha.......(I think I’ll become a Democrat - I might just say f’it and not pay anything).

[Brett66]

The results:

[silverleaf]

LOL!

Q: How many crises can obama simultaneously create and handle?

A; Oooh - shiny!

[AH_LiveRight]

Wells Fargo & Co., $13.7 billion

Thursday May 7, 2009, 4:52 pm EDT
Wells Fargo announces $6 billion common stock offering

http://finance.yahoo.com/news/Wells-Fargo-announces-6-rb-15173673.html?sec=topStories&pos=1&asset=&ccode=

After the flop today for US Government bonds, these clowns float $6Billion in stock? The world has gone mad.

[ml/nj]

GREAT! My bank (PNC) is on the list. I hope they'll still be here when I get back on Tuesday.

ML/NJ

[Las Vegas Ron]

I think I smell another propaganda manipulation device

[magellan]

"So ten of the largest banks in the US are insolvent. There is a flu virus, and a baseball player tested positive for drugs. "

You forgot, Obama and Biden ate hamburgers for lunch.

Seriously, does anyone believe this "stress test" was objective?

[Integrityrocks]

Ha! What’s in YOUR wallet?

Captiol One seems to be ok.

Now I know why Citi Corp was so quick to approve my new credit card last week and balance transfers. They want my money. They gave me 0% interest into mid 2010. That got rid of the other guy’s 27.9% interest.

[silverleaf]

http://www.reuters.com/article/marketsNews/idCAN0740767920090507?rpc=44

futures are up- the clowns running Goldman Sachs, at the behest of Geithner and obama, will continue to push the market higher tomorrow.

No more buy on rumor, sell on news. The news all sucks, so to heck with news. Buy on rumor, sell on rumor

[rdl6989]

Breaking on MessNBC.com: Ten largest U.S. banks need $75 billion

http://www.msnbc.msn.com/id/30619126/?from=ET

[cowtowney]

Here’s a good one:

On another website, it was said that the FED might be buying stock in banks on the open market.

Gaming the system. Anyone else heard this?

[AH_LiveRight]

Those guys are slow compared to FR!
They are trying to figure out how to spin this as a good thing for the Zero admin. BofA is seriously under capitalized, 9 more are going to dilute PREFERRED shares to under common par value, and GM is going 100:1 reverse. This is extremely bad news. But nobody is going to short the Fed. They have unlimited access to cash. Ours.

[cups]

My advice to all of you...

http://www.youtube.com/watch?v=4YyEdny5rh8

[expatpat]

The stress test wasn’t even much of a stress. They assumed that “worst case” was pretty much where we are now, and not where we would be if things got quite a bit worse.

[peace with honor]

how day do that, LOL post 3