That phucking number changes every minutes, someone is playing with it to lure more buuyers into bank shares. I would wait until the actual tests are released. I don't think it really matters, but it removes (or increases) uncertainties.
if you ask me geitner has been reading the tao the art of war. confuse and distract. don't be fooled by this news. more suckers will be lured in. the news is no longer trustworthy. news is no longer accurate. everything changes on a whim.
I just watched it. It is based on a WSJ report that said "possibly" 10 out of 19.
Let's try to be accurate---too many people have lost money without careful verification of information posted on this board.
That explains why Buffet was beating the drum on WFC and the leak to the media regarding WFC needing more capital.
The Plutocrats think the general public and investing public is too stupid to understand what's going on.
10 of 19 banks will be whining, like Buffett, that the stress tests were too stringent.
Watch them fall off the train one by one.
FAZ to 20 in 6 weeks.
They said they have no plan, that meant as of that moment. They said the same thing last time they raised 10 billion at $22.50 just days before they did it. They also said they see no reason to cut the dividend.
So when BAC comes out in a few days saying it will raise capital, it wasn't a lie. You see how easy that was? Do you notice how CNBC Asia is already starting to float negativity? They are at it right now, talking about swine flu again as well.