CNBC - Tavakoli: Stress Tests, Lack of Confidence in Securitzed Products

Discussion in 'Wall St. News' started by Greg Richards, May 10, 2009.

  1. LOL. CNBC Video. At 4:50 min Janet Tavakoli talks about Bank of America CEO Ken Lewis. At 7:25 she says the varsity players got their grades before they took the stress test.

    She said the banks' problem is that the capital markets demand for securitized products won't unfreeze until we face past problems and restore confidence.