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Post by unlawflcombatnt on May 1, 2009 14:44:15 GMT -6
from Yahoo Finance-Tech Ticker May 01, 2009 by Henry Blodget From The Business Insider, May 1, 2009: Stress-test results not coming Monday after all:" The Federal Reserve is postponing the release of stress tests on the biggest U.S. banks while executives debate preliminary findings with examiners, according to government and industry officials.
The results, originally scheduled for publication on May 4, now may not be revealed until toward the end of next week, said the people, who declined to be identified. A new release date may be announced as soon as today, they said.
Regulators and bank executives are concerned about how the disclosure is handled because weaker institutions could suffer a collapse in their stock prices." finance.yahoo.com/tech-ticker/article/239724/Fed-Postpones-Stress-Test-Release?tickers=xlf,spy,dia,bac,c,wfc And that's all these bailouts were ever about in the 1st place: Propping up the stock market. Every sleezy, dishonest "bailout" program that Paulson, Bernanke, Geithner, Summers, et al have proposed is designed to prop up the stock market, and save the fortunes of their rich friends and associates on Wall Street. The American people are nothing but serfs to these feudal archdukes--to be used and discarded when they are no longer useful.
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Post by jeffolie on May 1, 2009 17:13:23 GMT -6
The Stress Tests main objective was a public relations stunt to ensure confidence in the lying, corrupt banking system. Now it appears that a lot of huge banks did not measure up to the extremely easy standards conjured up by probably the banks themselves.
The banks want to delay and confuse the results inorder to spin the public away from panic and disillusionment to prop up the current stock market rally lead by the financials.
This bear market rally will not stand more than a couple of weeks at most. The insiders are distributing their shares by unloading on the suckers buying into the rally at an 8 to 1 ratio of insider selling to insider buying.
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