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Market Currents

Friday, May 8, 2009
5:05 PM TweetThis
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This news story has 12 comments:

  •  
    Wait... what?
    2009 May 08 05:13 PM Reply
  •  
    The IMF? Why do they matter? The loss ratio used was greater then any other time in history. It isn't a scam, but some sure need it to be in order to not look foolish!
    2009 May 08 05:16 PM Reply
  •  
    If the government doesn't want anyone to lose, it won't lose. This whole thing is being controlled and manipulated. This is what Fascism is all about. It is not Socalism, it is not Communism, but good old German Fascism to the last dot! Private ownership/Government control.
    2009 May 08 05:24 PM Reply
  •  
    We were in the worst economy since the great depression in the fall of 08 and now we are all fixed and the stimulus has not even taken effect. I think the stress test was bunk to instill confidence for no reason other than team Obama can say I fixed it now let me take over health care.
    2009 May 08 05:29 PM Reply
  •  
    You all are way to negative. Its just another Administration press release for the mainstream media to drool over and report as news. They would not even have to release it, except then the media would not have anything to report and that would beeeee baaaaaad.
    2009 May 08 06:32 PM Reply
  •  
    "but some sure need it to be (a scam) in order to not look foolish."

    Yes there is a bunch that need this to be a scam or something in order to save face. The Dow being up 164 pts today and being up for x number of weeks isn't helping them save face either.

    I'm turning on my one time fellow Republicans; but, if a Republican like Gerogie had done this testing, everything would be just fine. except the Demos would be bitching.

    Unfortunately. it hte same old not invented here crap...........
    2009 May 08 07:21 PM Reply
  •  
    The FED/GOV estimates for the losses of AIG, FNM, and FRE were off by factors of hundreds in some case. Remember the original FED estimate for AIG losses was only $900 million and the estimates for the losses of the stuff it absorbed from BSC was 0. Now that portfolio of loans from BSC is some probably $10 billion in the red and we all know the billions AIG lost. They won't say exactly how much they have lost on BSC/Maiden lane. Forget this figure and multiply it by 25X. That's what the banks really need. Mark to myth keeping it all propped up of course
    2009 May 08 08:42 PM Reply
  •  
    "old boat guy" slipped on the deck and hit his head too many times.

    Fascism (from fascio in Italian) is a group of sticks which are stronger bundled together - the sticks being the military, nationalism, anti-liberalism, religion, and corporatism and is always a right-wing philosophy.

    The Fed injecting liquidity into a depressed economy is done by design. Years from now if inflation returns they will tighten. If this "manipulation" is a bankers conspiracy then its the same racket they have been doing since 1913.

    Enjoy the low interest rates, lack of inflation, record productivity, availability of cheap resources and labor and RIDE THE BULL.

    Its called capitalism.
    2009 May 08 09:03 PM Reply
  •  
    Ha ha told 'ya the estimates for the published results would be way off....just in time on friday night for no one to remember by Monday!

    online.wsj.com/article...

    Full article says original results for losses were "mind-numbing" and then concessions were made and losses were scaled way back.
    2009 May 08 09:16 PM Reply
  •  
    tearinmybear - your article proves that the banker/treasury confrontation was adversarial rather than a hand-in-hand "conspiracy" or collusion. Just as it should be.

    Will the conspiracy theorists say the WSJ is in on the fix?

    Thanks for posting.
    2009 May 08 09:36 PM Reply
  •  
    Its May baby!!! Its that time again....look at your charts....Looks like summer is here, get your shorts on and make some money...See ya in November when the market starts to rally to the upside again....
    2009 May 08 10:26 PM Reply
  •  
    It all started with Pandit's internal message intentionally leaked and BoA. Wells Fargo released their earning even before scheduled and Bernanke, Giethner, Obama keep telling it is better followed by all surprising number suddenly in few weeks. Less layoffs last month but who knows it is going to be revised by 50,000 next month? When I am working hard trying to make few bucks here, someone making big big and have party with my tax money? Those banks getting my tax money ask me to pay more fees and minimum balances, etc to pay the money back. Is this a joke? They ask me to pay more so they can pay my money back. Nonsense. When they pay it off, are they going to lower these back? Heck, I don't think so. They like to pay back as early as possible so they can get hundreds of millions of dollar bonuse and salary. Do they worth for that? Anybody take responsibility? I think I can do their job with just six figures of salary. Wait, they may pay shareholders a few pennis as dividends next year. What a great system!!!
    2009 May 08 11:08 PM Reply
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