Fed cooks the books of stress test numbers

[fava]

Were you expecting anything more? They took the trillion from the taxpayer and spent it in undisclosed ways that no one knows where it went until today; they underhandedly took a couple trillion more by printing money with no backing and are spending it in the same fashion and now they have juggled the numbers of the stress test to make things look rosier than they are.
Trust the Fed is akin to trusting Congress.
The Federal Reserve significantly scaled back the size of the capital hole facing some of the nation's biggest banks shortly before concluding its stress tests, following two weeks of intense bargaining.

In addition, according to bank and government officials, the Fed used a different measurement of bank-capital levels than analysts and investors had been expecting, resulting in much smaller capital deficits.

The overall reaction to the stress tests, announced Thursday, has been generally positive. But the haggling between the government and the banks shows the sometimes-tense nature of the negotiations that occurred before the final results were made public.

Government officials defended their handling of the stress tests, saying they were responsive to industry feedback while maintaining the tests' rigor.


http://online.wsj.com/article/SB124182311010302297.html

[animalnut]

Propaganda in the US. What a corrupt administration, and it's only been 3 months. They tell us what they think we want to hear. When citizens express fear about the massive spending and projected deficit, they mock us. I have zero trust in our government. They're all a bunch of political hacks.

[See It Clearly]

Pay no attention to the man behind the current. I am the great and powerful bowing one.

[CommercialFishinGal]

There's a big surprise!

[TCUFan]

Shocking...

TCUFan

[Jags~Beach]

Were you expecting anything more? They took the trillion from the taxpayer and spent it in undisclosed ways that no one knows where it went until today; they underhandedly took a couple trillion more by printing money with no backing and are spending it in the same fashion and now they have juggled the numbers of the stress test to make things look rosier than they are...
Government officials defended their handling of the stress tests, saying they were responsive to industry feedback while maintaining the tests' rigor.

Rigor maintained by numbers being juggled, what a concept, your fired. Now why did that not work? Because the illusion of the people being in control of government is just that, an illusion, and a government in the business of illusion, knows no bounds when it comes to waging its witchcraft.

Question is what is the point of all this crafty behavior, behavior that has America as well as the entire worlds economies in crisis mode? Control? Power shifted from the people to an elite few? I mean how hard could it be once all the dirty politicians the people elected into office have been bought to sell us out?

If this is this not an attempt by the fed's to further undermine and disenfranchise the dollar from possessing any viable credibility whatsoever then I don't know what is.

So is that 3 trillion included in the budget?
Is it even listed in the debt we now owe?

[gdoane]

Banks are screaming to get out from under the bailout and the government isn't allowing the money to be repaid.

Why? The banks don't like the Big Brother rules ($500,000 limit on exec pay, no bonuses allowed, employee pay a matter of public record) and the government likes these rules SO MUCH that banks aren't allowed to repay TARP money even when they could.

The threat the government is making against banks who try to repay the loans and get out from under their fascist rules is simple: If you buy your way out from under the heavy hand of FedGov, then your FDIC insurance will be yanked.

To a banking institution, yanking FDIC depositor insurance is a death threat. It will discredit the banking institution and depositors will yank money out of an uninsured bank so fast it'll make the 1929 crash seem like a test run.

When we were sold on this bailout, the idea was that the banks would get back on their feet, the economy would recover, everything would be paid back and we'd be fine.

Now the government is resisting getting paid back because the taste of fascist control over government-owned business is delicious to our tyrannical leaders.

They get to dictate executive pay in the private sector now, a power they seem to enjoy. They can vote to limit pay of any "bailout" company to a point that it makes Obama the "MAXIMUM LEADER", the highest-paid man in the land.

The problem with taking bailout money from the guys who write the laws in Congress is that the fine print doesn't matter because those villains can change the law tomorrow on what you sign today.

Our Congress has done foxed themselves right into the henhouse now and they're never going to get out.

Fascism is government control over the means of production. When the government is a majority shareholder of every bank and manufacturing plant in the USA, that's fascism. Our government shouldn't even be allowed to hold private stock in a company, but now that they do, they like it. They like it way too much.

[highroller]

The federal government cooks the books on everything. Why should this be any different?