Stress Test Leak: BAC Needs $34 Billion In Capital

Yup - we'll probably be limit up by morning given how bullish this should be taken!

 

The 34B is with mark to market rules suspended.

What would it be under mark to market?

 

This is uber bullish. 1000. No problem.

This is just a mere opportunity for Goldman Sachs to accumulate more contracts.

No problems. None. Nada.

 

Once CNBS starts targeting the news calling it already priced in I wouldn't doubt it.

 

Where did you read that? I haven't seen anything other than a small blurb from reuters on the news.

You'd have to assume if M2M was in place the capital need would be higher - how much I have no clue.

 

AFAK, there are not going to be another rescue package for banks soon, so overnight LIBRO will raise. Not a good news for corporations in cash-strap situations.

"Luckily"; we had this rally so banks can issue more preferred shares to raise capital from stock market.

 

Yep - sad how cynical the last two weeks have made me....

 

Multiply this X 2 for the actual number.

Oops, did we say 34?

 

Just setting the stage so that when they announce they only need 29 billion it's deemed as good news and the market rallies big.

 

Add a 1 infront of it and that is probably more likely.