Monday, April 6, 2009

I got your stress test right here

What are the banks worth?

The government's stress test has two fatal flaws: It's being done in secret, and the government is putting its thumb on the scale. It's almost enough to make you think the regulators are protecting someone.

Posted by devo @ 11:30 PM (734 views)
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One thought on “I got your stress test right here

  • greytornado says:

    Perhaps I have come to completely the wrong conclusions, but my own personal view is that the banks are really all bankrupt. Thanks to the use of Fractional Reserve Banking, all they hold are useless bits of paper. Derivatives are the clue to the impending failure of everything that we understand. To put it bluntly, I think the entire world financial system will collapse. The repercussions are too awful to contemplate.

    Hopefully, someone will post another comment saying that I am raving bonkers and that I have got it all wrong.

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