Six Banks Fail Stress Test

What do you think the effects of the stress test results will have on the banks? Will the banks continue to post "earnings" in the next couple quarters? I'll be tracking both at http://www.fortune500earnings.com . Can investors really have faith in the banks' "earnings"? I think the gov't should report the effects of TARP on the financial statements. How deep can the hole get?

Oh this one takes the cake from "the short" Henry! Another day another doom and gloom story from Henry, TT and Yahoo. It was not a pass fail the headline is "un-true" lie, lie. lie ! If I were C or Bac I might look to sue this guy!

run for the hills?

Why should anyone be SURPRISED??!! Nothing has changed significantly out there except that we're all printing and giving 100's of $illions to these jerks.

This is all a rouge to let them steal more of our money and give it to there friends. Obama and congress should be ashamed.

Can't bankruput AIG; they're too important to the financial industry. AIG goes down, they all go down. Plus, I think investors might overthrow the Fed if they were to let AIG fail at this point, after giving them hundreds of billions of "our" money... Whatever that means.

For all the believers out there that think the banks do not need more capital, my advise is to get out now during this Sucker's Rally. Do not get GREEDY!! What do you thing is going to happen when all the preferred shares are converted to common. It is not rocket science, dilution for the common stock!!! That equates to a lower share price!

This is all based upon 10 percent unemployment. But what if it goes to 15 percent? There won't be enough money, without a risk of hyperinflation, to feed these big loan sharking banks back to health. http://www.dontpaycreditcards.com

Haha- good. Should have been 6 months ago before they got any money. Prop up the system? Why? So we can get bilked out of more money? Bilked with higher interest? Bilked to compete for food and rent against liberal credit and bonus income? Not interested.

It is my understanding that the "stress test" is just an excuse for the feds to convert their prefered shares to common shares. Then they will be able to vote and have a member/s on the board of dir. When this happens the banks will be able to put the prefered shares on their balance sheet and pass the "stress test". It's Nationalization of the banks.

if 6 failed this joke of a test, all 19 should fail a real "stress test." 10.3% unemployment - joke. 3.3% contraction - joke. 7% home price 2010 decline - joke.

This is their excuse, now prepare for nationalization.

Banks Making Profit ????? Wake Up America It's all a Sham and rigging Balance Sheet Reports. The Gov. is behind This So The People will not Run out in wall Street Eventually the Truth will come out and It's Gonna be SELL SELL SELL Then We will see the real bottom Come.

They are trying to force some to convert preferred stock so they can have voting rights and "nationalize banks". I sure do not want this.

The HAVE-NOTS are f*&#ed no matter what. The HAVES will never have to worry. Nothing changes that. Certainly not the latest Messiah screaming CHANGE ! CHANGE! during his campaign and changing little when he actually got into office. All the 'changes' we have seen so far are cosmetic - OhBummer is just continuing the same partisan politics and anti-terror policies - under different names, of course... and we all know that when you change the name for something, it doesnt exist anymore right?

actually, the insiders have been buying much more than they have been selling at the major banks - including Citi and BOA. I also don't buy BoA not passing the stress test. They currently have 2.65% non-performing loans. That works out to about $30 billion, for which they have reserved $17 billion. With income before provisions and taxes of in excess of $13 billion per quarter, they can absord a loss rate of 30% (unrealistically high) on about $45 billion of loans each quarter (which is about 3.5 - 4% of their total loan portfolio). But Henry has been beating this horse constantly for about the last six months - to the point that i don't even bother listening to what the tech ticker has to say anymore - i can predict it - doom and gloom, doom and gloom. I have to believe that Henry is short in a lot of these stock.

let the banks fend for themselves. govt should only be working the sidelines and throwing a flag now and then. let the free market work.

I agree with you too MogleytheMan. Let them fail, banks let consumers fail. I mean the notion that if they fail it hurts everyone is bullshit. They lose, another bank get new business and more business which means expansion which means more jobs available. So who cares, plus the laid off would get unemployment insurance for 6 - 12 mos until they found something...sheesh! Crazy this investor is allegedly giving back to the community: www.nysilly.com

Have anyone watch "obama deception" on youTube? this will give a good idea why $T$T$ are burned.

At least six...