market-ticker.denninger.net - 5/9/2009
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After I posted my Ticker on this subject the Fannie report came out and immediately proved up what I had said - the tests are a sham :
According to The Fed's "More Adverse" scenario prime delinquencies will reach 3-4%.
Well, how about this?
(Click for a larger image)
Note ...
hf-implode.com - 5/9/2009
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hf-implode.com —
Given the Fannie report, which was known to
the government (since it is under conservatorship) for a...
significant amount of time prior to being filed, there is absolutely no excuse whatsoever for The Fed's "Stress Test" report to be published without a footnote indicating that the "most adverse" ...
(more)
More On The SHAM "Stress Test"
market-ticker.denninger.net - 5/8/2009
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market-ticker.denninger.net —
So now the "results" are out . If
you believe any of it. A banking organization holds...
capital to guard against uncertainty. Capital reassures an institution’s depositors, creditors and counterparties‐‐and the institution itself‐‐that ...
(more)
The Scam Of The "Stress Test"
Comments
Blog Reactions
Links 5/9/09
naked capitalism —
... estate index rises along with delinquencies MarketWatch (hat tip reader Marshall, who added, "I love paradox and irony, but this is starting to verge on Onion-like features") JPMorgan faces SEC lawsuit Financial Times. It's simply a disgrace that the normally supine SEC saw enough rot to intercede, when the commissioners in Jefferson County have not been wiling to put up a fight. No doubt it's because their dirty laundry would be exposed in discovery. More On The SHAM "Stress Test" Karl Denninger. You do need to read this. Are AIG FP Employees ...
When things don't seem right
The HardHead Fund —
... HH: This is a snapshot around the country! More On The SHAM "Stress Test" - The Market Ticker Given the Fannie report, which was known ...
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