|
|
May 24, 2013
|
|
|
|
 Citigroup and 3 Other Banks Can’t Take the StressPosted on Mar 13, 2012
Despite hefty bailouts and infinitesimal interest rates, Citi, Ally Financial, MetLife and SunTrust were not able to pass the latest round of stress tests designed and measured by the Federal Reserve. The BBC describes the criteria:
The banks with the highest rating, reports the Beeb, were American Express, Bank of New York Mellon, and State Street. The Fed released the results early after JP Morgan Chase started bragging that it had passed despite gobbling up the remains of some of the financial crisis’ most troubled institutions, including Bear Stearns and Washington Mutual. —PZS Advertisement TAGS:
|
After Oklahoma Disaster, Give Thanks to Government
 . '/' . substr('9783981484205',-6,3) . '/' . '9783981484205' . '.jpg'; ?>)
Email 
Print
Share
Email to a friend
Newsletter 
Like Us
Follow Us
Get Our Feed
Tags|Bazaar|Podcast|About Us|Contact Us|User Agreement|Privacy Policy|FAQ: Comments and Moderation | Google+
© 2013 Truthdig, LLC. All rights reserved.
By Mark, March 14, 2012 at 3:09 pm Link to this comment
(Unregistered commenter)
Overheard at the Fed:
“Hmmm, so Citi, Ally, Metlife and Sun couldn’t pass the stress test, eh?
Only one thing to do: Change the metric and re-test ‘em until they pass, and throw some additional taxpayer dough at ‘em for good measure.
Oh yeah, and fire that SOB working for us who failed ‘em in the first place. Jeezus, what a dumbass!”
Report thisBy JohnSwims, March 14, 2012 at 1:34 am Link to this comment
The Federal Reserve is a “privately owned corporation”.
The FEDS main purpose is to make its secret owners and share holders rich.
Most Americans believe the FED is a US government department. NO. Lies and deceit.
The Federal Reserve, a PREVATEDLY OWED CORPORATION loans billions of dollars to the US Government and charges 6% interests. The FED keeps America in debt!
Watch “The Secret of Oz”, a documentary movie, winner of 4 film awards. It’s a documented history of the past and present financial crises, of other crises and more on the illegal Federal Reserve(a privately owned corporation).
http://www.documentarywire.com/the-secret-of-oz Written and directed by Ben Still.
Beloit International Film Festival 2010 Best documentary(BIFF)
Yosemite Film Festival 2010 Silver Sierra Award for Excellence in Filmmaking
Accolade Competition 2010 Award of Merit La Jolla, California
Nevada Film Festival 2010 Silver Screen Award
Nathan’s Economic Edge, 2009 Excellent review at a world top economics blog.
British premier Oct. 1, 2010 At prestigious Bromsgrove conference
The Federal Reserve, a privately owned corporation.
Report thisBy do over, March 13, 2012 at 10:46 pm Link to this comment
The sociopathic moral bankruptcy of the big banks propped up by the Fed at the expense of the American Citizen will end with historic bad consequences. Thinking otherwise is just plain nuts.
Report this