Bank Stress Test Quagmire

Discussion in 'Chit Chat' started by ByLoSellHi, Apr 24, 2009.

  1. Memo: To All Proper Traders

    Subject: Release of Bank Stress Test Results

    Date: April 24, 2009


    Please tread carefully to avoid blowing up as an historical event with extreme and unknown (unknowable?) consequences is unleashed upon the masses.

    There is a famous quote that perfectly sums up the dilemma that the government has put itself and its citizens in, by way of lies and misdirection:

    “Oh what a tangled web we weave, when first we practise to deceive!”


  2. The thieves, arranged before those whom they have bought and paid for, in an act of theater, pretending to be held to task, as a display of American Consumption for the masses:

    Bank leaders await a federal assessment of their firms. From left, Lloyd Blankfein, Goldman Sachs; Jamie Dimon, JPMorgan Chase; Robert Kelly, Bank of New York Mellon; Kenneth Lewis, Bank of America; Ronald Logue, State Street; John Mack, Morgan Stanley; Vikram Pandit, Citigroup; John Stumpf, Wells Fargo.
  3. schizo


    No question about it. The government will resort to arm-twisting while the fat cats on Wall Street will lie there way out of this recession. But then again, am I not supposed to stick my head in my ass like any other patriotic citizens and pretend there is no recession?
  4. I've never issued a 'Black' alert, but believe the possibility is extremely high for a Black Friday.

    We should know within two hours.
  5. Okay, I guess the 'initial,' vague report will be released this afternoon, and the detailed report not until next month.

    Expect more bullshit and spin than ever before.