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Realistbear

Stress Test Confidence Soars As Banks Go "upbeat"

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http://finance.yahoo.com/news/Countries-upbeat-on-bank-rb-3847271488.html;_ylt=AnHbwJ2q0XUylja.TIbXnGy7YWsA;_ylu=X3oDMTE1YnJsdm8zBHBvcwM3BHNlYwN0b3BTdG9yaWVzBHNsawNjb3VudHJpZXN1cGI-?x=0&sec=topStories&pos=5&asset=&ccode=

Countries upbeat on bank tests, some doubts linger

Topics:International

On Monday July 19, 2010, 8:09 am EDT

LONDON (Reuters) - Bankers and officials in Spain, Greece and Belgium joined a chorus of countries expecting no big shocks from Europe's stress test of its banks amid lingering doubts the health check will be severe or transparent enough.

The Committee of European Banking Supervisors (CEBS), which is overseeing the test of 91 banks, said results will be released on an aggregated and bank-by-bank basis from 1600 GMT on Friday.

"Upbeat" that is a good words to use. Bit like "buoyant."

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The people demand "Transparency" Cameron/Clegg!

Remove the hiding of bank staff 'failure' in the City by removing the recent Brown/Darling CON that allows banks to hide they are bust and demanding more taxpayers money thru B.O.E. to support "Record Banker's Bonuses"

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I bet they`re even more "upbeat", knowing that a fair amount of £££ might be coming their way from index linked savings certificates. :angry:

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Guest Steve Cook

http://finance.yahoo...5&asset=&ccode=

Countries upbeat on bank tests, some doubts linger

Topics:International

On Monday July 19, 2010, 8:09 am EDT

LONDON (Reuters) - Bankers and officials in Spain, Greece and Belgium joined a chorus of countries expecting no big shocks from Europe's stress test of its banks amid lingering doubts the health check will be severe or transparent enough.

The Committee of European Banking Supervisors (CEBS), which is overseeing the test of 91 banks, said results will be released on an aggregated and bank-by-bank basis from 1600 GMT on Friday.

"Upbeat" that is a good words to use. Bit like "buoyant."

Two possible scenareos

1) The tests are robust and show how big the problem is. The markets don't like it and price in the risk up front and early on.

2) The tests are not robust and attempt to hide how big the problems is. This will give a short term boost to the markets. However, economic gravity cannot be denied and any short term gains will be lost in the following days/weeks.

(1) is prefereable as it clears the mess early on. (2) is what we will get because of cowardice.

Edited by Steve Cook

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Starting to sound more and more like a done deal this one.

Can we sleep east yet or is the word junk going to start being used to describe things again? :unsure:

Edited by MrFlibble

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  • 153 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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