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| User Info | The Scam Of The "Stress Test" in forum [Ticker] | |||
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Genesis Posts: 66463 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.org/archives/1025-T....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-05-08 08:08:08
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Clintb350 Posts: 146 Incept: 2008-01-19 Southern AZ
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Karl - Isn't a significant part of the 2.5 to 3 trillion held by Fannie and Freddie?
2009-05-08 08:22:02
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Solnow Posts: 732 Incept: 2009-03-02 My Market Model
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If I read the paper correctly the banks were also instructed to only base their assumptions on "cash flow" losses - customers not paying loan payments - and not included any mark to market calculations in there loss scenarios. Did I read that correctly?
---------- HOPE is for sissies. Don't like the law, VETO it. You have the choice. The Fully Informed Jury Association http://fija.org/ 2009-05-08 08:24:47
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Forgottenman Posts: 9 Incept: 2008-09-26 Longwood, FL
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So you think you can dance will be starting soon, I'm sure all of this will blow over soon. NOT! Great ticker as always! 2009-05-08 08:24:59
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Clint, some. But not enough to account for the disparity, and remember, my figure only accounts for RMBS - credit cards are a huge problem in terms of loss severity because of their unsecured nature even though the gross size is much smaller. Then you have commercial, C&I, etc. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-05-08 08:25:42
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Tylermckin Posts: 25 Incept: 2009-04-14 Mississippi
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Guy on CNBC was negative bearish earlier - he was quickly taken off stage and harshly scolded for not singing the right tune - he later reappeared and apologized for being bearish and admitted that he is really bullish. I think he was also told that he would not be back.
2009-05-08 08:40:58
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Laura Posts: 2663 Incept: 2008-05-05 
Florida Space Coast
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How long can the charades continue before the whole thing falls down? How long can Ben eat his tail? Maybe the cost of the flu pandemic in the next 2 months will topple it.
---------- We will have to fight this monster to the death or agree to live under its rule as slaves, in the most literal sense of the word. Honey, where's the AK ? Tyler Durden all sovereigns devalue the currency - all times, all places, no exceptions ME 2009-05-08 08:56:04
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Wisc-xc Posts: 4479 Incept: 2007-07-14 
outside chicago
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Change we can believe in. Pffft!
2009-05-08 09:18:56
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Fyoupaulson Posts: 19 Incept: 2008-12-30
Chicago, IL
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Looks like options traders are betting the **** is going to hit the fan soon. http://www.bloomberg.com/apps/news?pid=2.... Definitely glad I finally liquidated my IRA and taxable accounts and moved into cash after that 30% run up the past 60 days. Just wish I would have found this site like 2 years ago to have done it then. ---------- An old Russian proverb, "Dwell on the past, and you will lose an eye. Ignore the past, and you will lose both of them." 2009-05-08 09:55:47
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Gmak Posts: 10176 Incept: 2007-07-27
Re-inventing the future at the speed of time.
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 Gen!
2009-05-08 10:02:15
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Dji Posts: 554 Incept: 2009-04-21
orange park Online
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NOW GIVE ME THE REAL BOOKS! ---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji 2009-05-08 10:30:44
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Xanares Posts: 993 Incept: 2008-11-10
London
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Great sum-up of the piece of **** report Gen! Like I said, they rolled dice on the result for each and numbers were adjusted accordingly. The renegotiation probably was a chance to throw dice and affect the other banks result negatively. BoA was gangbanged by the others, but it was all in good fun and jest. After all it is politially unacceptable that this recession doesn't end right now. We have important bridges to build and CO2 and cows to tax. Last modified:
2009-05-08 10:55:57 by xanares
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Seriousslacker Posts: 63 Incept: 2008-09-30
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Nice analysis, as always - it's in the pigmen's best interest to not have our financial system collapse - so they will put out the most outlandish propaganda possible to get the sheeple to buy into the "recovery". If this somehow works for a few more years, it will be amazing. They've been fleecing the sheeple for decades, so why won't they be able to pull some more wool over our eyes. When the consumer no longer has any money to spend, this charade will end badly for the sheeple. Unfortunately the pigmen will all be safe on their remote tropical islands. It is amazing that a small amount of truly wealthy corporations can control the sheeple so easily, just give them some TV, booze, and the occasional 3 day weekend, don't worry, we've got everything under control.
2009-05-08 11:14:55
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Pooslinger Posts: 949 Incept: 2007-11-06
Illinois
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What unemployment # was used on the stress tests?
2009-05-08 11:30:48
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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10% Poo for the "more serious" scenario. We're at 9% now, and oh by the way, their 10% is a REAL 10% jobless. If you look at U-6, which is the closest to REAL, we're WAY beyond that today. Like I said the problem is the projected losses. They're fanciful wishes and dreams in most categories, unless you're cherry-picking the bank - all the nations of course have exposure that is more-or-less population-density weighted with a few exceptions (e.g. Wells is WAY overweight California exposure, for example.) ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-05-08 11:38:00
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Snowman Posts: 785 Incept: 2009-03-09
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Maybe I need new glasses, but in reading through the SCAP, not once did I see a reference to CDS. Did I miss it? The CDS issue won't go away, now it's rearing it's fugly head through emerging market debt. see http://blogs.ft.com/maverecon/2009/05/de.... and DB's current EM CDS spreads http://www.dbresearch.com/servlet/reweb2.... I just need the ISDA data on the CDS outstandings to overlap with the EM credits that are tanking. 2009-05-08 12:38:09
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Otiswild Posts: 914 Incept: 2009-03-09
Teegeeack
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So when's my SKF turn around? ;) (and some near-LEAP lotto on.. GS.. Who knows, the backlash against those figpuckers could be as fast as a piece of iron bar being shear-tested...) ---------- "The human race will begin solving its problems on the day that it ceases taking itself so seriously." - Principia Discordia 2009-05-08 14:29:48
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