- Bank Regulators Brace for Fallout from Stress Tests – DealBook Blog – NYTimes.com – “Strictly speaking, many banks are insolvent now. In the long run, though, we can pass any test, so how much time do we have?” a banking source familiar with his firm’s stress test work told the news service.
Posts Tagged: insolvency
2
Apr 09
Daily Links for April 2nd
6
Mar 09
Enough Already!! We’re all in – it’s time to show our hands.
The news has been consistently full of disheartening records of ‘lowest since’ and ‘highest since’ for quite a while. Unemployment is still rising if not accelerating. 12% of all homes with mortgages are either in default, delinquent, or foreclosure. Nearly every economic metric chart looks either like a moonshot or cliffdiving. The Dow Jones has now fallen farther and faster than the it did in 1929.
It’s time to stop bluffing.
photo credit: Freddy The Boy
11
Feb 09
Meme du jour: Insolvency
The meme du jour today will be the wide scale insolvency of the banking industry. Which is the greater moral hazard – continuing to prop up an untruth or saying the un-sayable? Is the problem simply the unwillingness to make those who gambled big and crapped out realize their losses? Is continuing down this path worth risking the possible outcomes?
