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Author Topic: BANK Stress test results LEAKED....and it ain't GOOD.  (Read 4336 times)

Offline fdjake

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BANK Stress test results LEAKED....and it ain't GOOD.
« on: April 20, 2009, 02:41:05 pm »
Read it and decide for yourselves.

http://turnerradionetwork.blogspot.com/

Offline Vader

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Re: BANK Stress test results LEAKED....and it ain't GOOD.
« Reply #1 on: April 20, 2009, 02:50:19 pm »
That would be a disaster for all of us if that is true. I'll have to see a few more sources confirming this before I believe it though. The way things are going, it wouldn't be terribly surprising.

Offline fdjake

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Re: BANK Stress test results LEAKED....and it ain't GOOD.
« Reply #2 on: April 20, 2009, 03:25:56 pm »
I am NOT sure about this source.  I found this link via another site and I've never heard of Turner radio.

Offline propertymanager

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Re: BANK Stress test results LEAKED....and it ain't GOOD.
« Reply #3 on: April 20, 2009, 07:35:54 pm »
If that report is true, that would certainly explain why the government is delaying the release of the stress test results and why they are worried that the stock market may be adversely affected.  In addition, it makes a lot of sense.  Loan modifications aren't working to fix the foreclosure problem.  Commercial defaults are really just beginning.  Credit card defaults are on the rise and the credit card companies are raising interest rates and cutting back on credit to their best customers.  The banks are insolvent, we already knew that! 
Mike
www.1MinuteToRentalPropertyRichs.com 
This No-Hype, No-Nonsense Book is a step by step course in making money and building wealth with rental properties!  Everything from buying properties at a discount to dealing with terrible tenants.  Now In Paperback!

Offline Rich_in_CT

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Re: BANK Stress test results LEAKED....and it ain't GOOD.
« Reply #4 on: April 21, 2009, 06:16:24 am »
I have to get ready for work so I didn't read that whole page but what I saw is definitely NOT good.  Mike, cover those Ford shorts and start shorting banks.

Offline rookieNYC

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Re: BANK Stress test results LEAKED....and it ain't GOOD.
« Reply #5 on: April 21, 2009, 06:59:32 am »
Its because of the insolvency of the banks why so many hedge funds are making huge returns in 2009...Buying bank notes at .30 on the dollar and buying 1000's of homes in Vegas,Florida,Arizona at .30-.40 on the dollar..Hedge funds are starting to get into the Hard Money arena more than ever...Collateralized lending at low LTV's is reaping huge returns...I hope these banks stay insolvent for a while..The stock market is second fiddle right now to the opps being seen in the HM,note buying markets...

 




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