Warm_Paw

Most of 19 Banks Passed the Stress Test

It's obvious the stress tests are some feel good tonic for worried investors.
The devil's in the details.
I'd read BAC's balance sheet for Dec 2008.
Liabilities outweigh assets by close to a trillion dollars.
How the F did that get by a stress test.
Need to raise capital? They owe more than some countrys.

If the govt wants to instill confidence with me, tell me this:

#1. How much of each banks securities have been marked to market - on an actual mark to market basis?

#2. How much of the toxic assets of each bank has been unwound.

#3. Can the banks accurately assess what IS toxic?

#4. What percentage of each banks toxic assets faces future delinquincy due to defaulting homeowners,/creditors?

Real numbers.
Not a bunch of headlines telling me the banks are much better now and that swine flu is causing the market crash.