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Realistbear

More Bank Stress Tests Dismissed Because They Lost All Credibility

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http://uk.finance.yahoo.com/news/ECB-Smaghi-says-Ireland-reuters_molt-4003848494.html?x=0

12:45, Saturday 15 January 2011
DUBLIN (Reuters) - Europe (news) needs to do a new round of stress tests on banks after Ireland (Berlin: IIK.BE - news) 's flawed vetting of lenders in 2010 raised doubts about a parallel Europe-wide health check, a European Central Bank executive board member was quoted as saying.
"
Unfortunately the fact that the Irish stress test turned out not to be credible affected the credibility of all the other stress tests
,"
:lol:
Lorenzo Bini Smaghi said in an interview in Saturday's
The Irish Times newspaper
.

The entire banking system is so screwed up they can't even publish a simple report on their credit-worthiness!

How long before the whole lot implodes again. next time: NO BAIL OUTS and jail time instead of bonuses.

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The entire banking system is so screwed up they can't even publish a simple report on their credit-worthiness!

How long before the whole lot implodes again. next time: NO BAIL OUTS and jail time instead of bonuses.

It's a sick joke. Sadly the joke is on the workers as it's us lot who keep having to bail these fools out thanks to the spineless governments who won't take the necessary steps to sort them out properly.

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How long before the whole lot implodes again. next time: NO BAIL OUTS and jail time instead of bonuses.

Won't the next bailout be covert? We'll never know, unless some Wikileaks it, and even then the sheeple won't do anything.

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And let's not forget RBS , Lloyds and Barclays.

Out of that particular barrel, Barclay's is the one that is really broke, it just hid it well.

Re your sig - as 1 and 3 are UK based shouldn't the gold price prediction be in sterling?

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  • 285 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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