LEAKED! Bank Stress Test Results !
OPS_admin | Apr 22, 2009 | Comments 0
LEAKED! Bank Stress Test Results !
The Turner Radio Network has obtained “stress test” results for the top 19 Banks in the USA. (Corrections/clarifications below in orange)
The stress tests were conducted to determine how well, if at all, the top 19 banks in the USA could withstand further or future economic hardship.
When the tests were completed, regulators within the Treasury and inside the Federal Reserve began bickering with each other as to whether or not the test results should be made public. That bickering continues to this very day as evidenced by this “main stream media” report.
The Turner Radio Network has obtained the stress test results. They are very bad. The most salient points from the stress tests appear below.
1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. (Based upon the “alternative more adverse” scenario which had a 3.3 percent contraction of the U.S. Economy in 2009, accompanied by 8.9 percent unemployment, followed by 0.5 percent growth of the U.S. Economy but a 10.3 percent jobless in 2010.)
2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans. (Without further government injections of cash)
via Scoop: Blogwatch: LEAKED! Bank Stress Test Results !.
Filed Under: Economy - Labor
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