This is really impressive, the initial "stress test" on Citigroup discovered a capital requirement 700% higher than the final price for continued indifference from regulators while we pretend they can grow their way out of their bad debt. The 50% average reduction across the board isn't even evenly applied, without even considering the basis predictions of sunny weather the results contain zero information.
US banks have been given government assurances they will be allowed to raise less than the $74.6bn in equity mandated by stress tests if earnings over the next six months outstrip regulators’ forecasts, bankers said.
:: posted by buermann @ 2009-05-09 18:05:39 CST |
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