Fitz919

Tier 1 Capital Ratios of Large U.S. Banks

I'll stand by the word "require", just as the Government required the banks to take the first round of TARP funds (TRAP funds is more like it), and just as Ken Lewis was required to take on Merrill Lynch, when he said he wanted to get out of the deal.


On Jun 21 03:34 PM InnocentsAbroad wrote:

> Rather, allowing banks to report numbers which they know are false,
> and thus allowing the pillaging of the public purse.

Tier 1 Capital Ratios of Large U.S. Banks

Who in their right mind would trust a bank to accurately report a Tier 1 number? It's pure nonsense, it will never happen. Notice how many are clustered around the 10% figure, it's a number they want us all to believe.

If a regulator didn't have a clue that 10.5% of IndyMac's loans were producing no income, then a bank can hide anything they want to from anyone they want to. It was months before B of A knew how bad things really were at Merrill Lynch.

What we have right now is the Government requiring banks to report numbers which they know are false, in order to maintain confidence in their badly broken system.

Stress Testing: What's Your Bank's AQ?

That was a very gutsy move Ranking the Banks like you did, I applaud you for doing so.