Banks Survive Stress Test – Or Do They?
By admin on February 10, 2010, 6:54 am
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if our private finances were this messed up, we would be in a lot of trouble, but if big corp,banks do it then fine?
Why? Because, thanks to the Fed continuing to guarantee there debt and printing money to buy there junk, they will be declaring their biggest profits ever over the next few years. If the government keeps them in TARP, the poor CEOs will confined to merger millions instead of the 100s of millions they could be siphoning off in bonuses. Thats what these bankers really spend their days worrying about.
This administration has zero credibility on this, especially Geitner & Bernanke. Banks that were too big to fail are now even bigger! Now that they have been bailed out; the JP Morgan’s of this world suddenly want to pay back the TARP money.
Gee Cenk, you and the “progressive” mafia decided that Mr. Obama was the one who could be trusted.
Cenk should look in the mirror if he wants to see part of the problem.
Flat out racism. America is still a very racist and divided country. Look at Glen Becks popularity. All of his followers are against what Obama does but they thought is was cool when Bush was doing it. At the “tea parties” notice how they were all held in rural, hick towns. They same people at the McCain/Palin rallies with monkey dolls and nooses.
if you watch the obama deception from begining to end than this will not suprise you. we need a third party. glad i voted for nader
If that happens, and I agree it’s definitely a possibility as it stands now, I don’t know if gold and silver are going to save you
ya they are capable of evil. both parties are guilty. the two party system sucks which is why i lean toward the green party. hbu?
the one thing i wonder though is where was all this talk from non-liberals when banks were messed up under bush? now conservatives are against bailouts? please help me with that answer.
Cenk, you are correct. Our financial sytem, and currency structure, are a house of cards. The day of reckoning will be worse than anybody anticipates and last longer than it should by historical measures. Every other currency failure was only a small portion of world economic activity. When the usd fails, nobody, and I mean NOBODY, will get in it’s way. We, as an economic entity, are “too big to fail”. Which means that when the inevitable happens, nobody will be able to help. Buy gold and silver
You should..
Seriously
Finally, you guys found the reason why we have this fucked up system.Cenk can’t understand it because he is still looking at the govt as if they are uncapable of incredible evil.
Cenk in definitely on the pulse here. You don’t let the banks fail, you put them into receivership and rebuild them from the ground up. At least the money we spend to prop them up will be well spent! Fantastic show TYT, I should really start sending you money.
This is a step in the right direction Turks…..
Keep up the good work.
LOL, that talking head’s reaction cracked me up too. MSM is so insulated from substantive experts who aren’t sold out, they don’t know what to do when they talk to one.
The question is:
If banks sell everything in two months, can they pay up everything they owe? If not, how far off then? Audit 101 should be taught again. Sorry, we had rushed into it last time. Can we do it again? Education in North America was a waste of time. How much were their pay?
Butt Buddy Republicans!
The banks do own the place
Cenk’s grasp on economic affairs is just as tenuous as his dieting disciple. Try to lay off the hamburgers.
It’s so goddamn obvious. Dammit. They’re going to keep stealing from us.
i don’t understand this video those 9 banks like goldman and jp morgan and American express are in good shape and the 75 billion would only b needed in worst case scenario if unemployment hit 11 percent and further defaltion occurred if the economy got better then all the banks but citi and bank of america would be ok
Not sure what TYT wants to happen? Is Cenk saying let the banks go bankrupt and let people lose their savings? Doesn’t he know that the money held in these banks are taxpayers money that taxpayers would lose? There will be a run on the banks if that happens, and the country would sink further. Cenk’s only good at talking and he’d fail at being in power.
wtf, they like bush fuck up so they could be in power fool
Obama is every bit in bed with the banks as the republicans. Geithner, Soros, Emmanuel as well as his Treasury secretary are all buddy buddy with the banks.
The IMF can’t impose any rules on the US, because the US has veto power over any IMF decision. Just another part of the fucked up nature of international finance and trade.
True. I think the Democrat’s biggest fuck up was not saying or doing anything to stop the thing that Bush and co. did.