Stress Tests Show Banks Need Additional $75B

Courtesy Donklephant  Fri, 05/08/2009 - 2:46pm

I don’t think think this comes as a huge surprise, and it’s certainly disheartening.

From Wash Post :

The government signaled yesterday that its financial rescue efforts may have reached their high-water mark, announcing that the much-anticipated “stress tests” of 19 large banks showed that only one, GMAC, was likely to need additional taxpayer aid and that it would begin to unwind assistance for the healthiest firms.

Despite a deepening recession and projections...


Tags:

 

More related items

Negotiators reach tentative payroll tax cut pact (AP)
AP - House-Senate talks on renewing a payroll tax cut that delivers about $20 a week to the average worker yielded a tentative agreement Tuesday, with lawmakers hopeful of unveiling the pact...

Getting to know you: Obama, Xi start relationship (AP)
AP - The man destined to be China's next leader won an extraordinary welcome across Washington on Tuesday, a finely scripted opening to one of the world's most important relationships....

US, Europe look at fast but risky penalty on Iran (AP)
AP - The United States and Europe are considering unprecedented punishment against Iran that could immediately cripple the country's financial lifeline. But it's an extreme option in the...

Bangkok blast wounds Iranian attacker, 4 others (AP)
AP - An Iranian man fleeing wounded from an explosion at a rented Bangkok house lobbed a grenade at police that rebounded and blew off one of his legs Tuesday in a series of blasts Israel...

AP sues Meltwater News alleging copyright offense (AP)
AP - The Associated Press is suing a digital news distributor, claiming it infringed on AP copyrights.


 

Post new comment

The content of this field is kept private and will not be shown publicly.