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Realistbear

E U Bank Stress Tests Must Be Transparent To Boost Confidence

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http://uk.finance.yahoo.com/news/eu-s-rehn-backs-full-bank-stress-tests-transparency-reuters_molt-acc6c18f89cd.html?x=0

EU's Rehn backs full bank stress tests transparency
19:06, Monday 5 July 2010
STRASBOURG, France (Reuters) - Results of the stress tests imposed on European Union banks
should be completely transparent to help boost confidence
in the bloc's economy, the EU's monetary affairs chief said on Monday.
EU government leaders said last month they would disclose the results of stress tests on the region's banks but left many questions unanswered as to how testing would work.

It sounds like they have already put together the results they want to scam the market with again and are just going through the motions of ill-defined tests to show how un-skint they all are.

Wouldn't trust them with a penny of my money.

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STRASBOURG, France (Reuters) - Results of the stress tests imposed on European Union banks should be completely transparent to help boost confidence in the

So we will know how bankrupt the banks are. How will that boost confidence? Surely the only way is to have the least transparency possible.

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http://uk.finance.yahoo.com/news/eu-s-rehn-backs-full-bank-stress-tests-transparency-reuters_molt-acc6c18f89cd.html?x=0

EU's Rehn backs full bank stress tests transparency
19:06, Monday 5 July 2010
STRASBOURG, France (Reuters) - Results of the stress tests imposed on European Union banks
should be completely transparent to help boost confidence
in the bloc's economy, the EU's monetary affairs chief said on Monday.
EU government leaders said last month they would disclose the results of stress tests on the region's banks but left many questions unanswered as to how testing would work.

It sounds like they have already put together the results they want to scam the market with again and are just going through the motions of ill-defined tests to show how un-skint they all are.

Wouldn't trust them with a penny of my money.

I doubt if the market or I would believe them. And if I wouldn't believe in them then............YES. IT'S ALL A FIX. Just like in the USA where they did it not long ago and found a large numbe of banks were, well....just fine. They are so bankrupt California is having to enforce the minimum wage of $7.25ph on its' 200.000 publically paid staff and cannot pay basic bills. This will implode their economy for sure when it replciated in more than 25 states who are not far behind.

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DT have rumbled it too:

http://uk.finance.yahoo.com/news/why-european-banks-stress-tests-and-gcse-exams-have-far-too-much-in-common-tele-d224da5500a4.html?x=0

Why European banks' stress tests and GCSE exams have far too much in common
Jeremy "Jez" Warner, 19:51, Monday 5 July 2010
We should all know the results of the stress testing of European banks later this month. Jeremy Warner explains why he's worried.
The exams are finished and the summer partying is in full swing. Yet already there are two things about this year's crop of GCSE and A level results that can be predicted with absolute certainty - one is that there will be more passes than ever before and another is that there will be a greater proportion of top grades..../
We already know that British banks will pass with flying colours. This is because the stress testing demanded by the Committee of European Banking Supervisors (CEBS) is a good deal less exacting than the one already applied by the UK's own Financial Services Authority, which all British banks now meet. But it is not just the British banks that expect top marks; both the German and the Spanish authorities are letting it be known that their banks, some of which have been experiencing severe funding problems over the past month, are also sound and unlikely to need any fresh capital, or not much of it in any case.
Few find this outcome in the least bit credible. An exercise intended to restore confidence in the eurozone banking system threatens to inflict more damage still. The process is already being dismissed in financial markets as a charade, and we don't even know the results yet.
Edited by Realistbear

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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