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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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Stress Tests: Banks Need $75 Billion
Basil Karlo wrote:
"Too_Many_Tools" wrote in message ... On May 7, 4:41 pm, brk wrote: Stress test results: Banks must raise $75 billion By David Ellis, CNNMoney.com staff writer May 7, 2009 Results of long-awaited bank stress tests reveal that 10 out of 19 banks tested need to raise new capital. Bank of America must raise $33.9 billion. NEW YORK (CNNMoney.com) -- Ten of the nation's 19 largest banks will need to raise a total of $74.6 billion in capital, federal officials announced Thursday, bringing an end to relentless speculation about how much more money the nation's leading banks would need to withstand the recession. More than two months after launching the so-called "stress test" program, leading regulators said that more than half of the banks tested would require capital to absorb additional losses if the economy weakens further. Leading the list was Bank of America (BAC, Fortune 500), which faces a $33.9 billion capital shortfall. Following behind was Wells Fargo (WFC, Fortune 500) and struggling auto finance firm GMAC, which will need to raise $13.7 billion and $11.5 billion respectively. Beleaguered banking giant Citigroup (C, Fortune 500), which has taken hold of approximately $50 billion in government aid to date, is being asked to raise $5 billion, regulators said. Five regional lenders -- PNC, Regions Financial, SunTrust, Fifth Third and KeyCorp will also be required to raise new capital. So will Wall Street investment bank Morgan Stanley (MS, Fortune 500), which regulators said would require $1.8 billion to shore up its capital position. Just freaking amazing the damage that Barack O'bingbong caused. TMT Fixed your typo. You have your head up your butt. 99% of this problem was Bush and the policy's of his office.. The little Texas idiot is in hiding.. Need to be arrested and hung right. Obamma is just fixing what Bush's term fu*ked up. |
#2
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Stress Tests: Banks Need $75 Billion
"-=DirtBag©" wrote in message ... Basil Karlo wrote: "Too_Many_Tools" wrote in message ... On May 7, 4:41 pm, brk wrote: Stress test results: Banks must raise $75 billion By David Ellis, CNNMoney.com staff writer May 7, 2009 Results of long-awaited bank stress tests reveal that 10 out of 19 banks tested need to raise new capital. Bank of America must raise $33.9 billion. NEW YORK (CNNMoney.com) -- Ten of the nation's 19 largest banks will need to raise a total of $74.6 billion in capital, federal officials announced Thursday, bringing an end to relentless speculation about how much more money the nation's leading banks would need to withstand the recession. More than two months after launching the so-called "stress test" program, leading regulators said that more than half of the banks tested would require capital to absorb additional losses if the economy weakens further. Leading the list was Bank of America (BAC, Fortune 500), which faces a $33.9 billion capital shortfall. Following behind was Wells Fargo (WFC, Fortune 500) and struggling auto finance firm GMAC, which will need to raise $13.7 billion and $11.5 billion respectively. Beleaguered banking giant Citigroup (C, Fortune 500), which has taken hold of approximately $50 billion in government aid to date, is being asked to raise $5 billion, regulators said. Five regional lenders -- PNC, Regions Financial, SunTrust, Fifth Third and KeyCorp will also be required to raise new capital. So will Wall Street investment bank Morgan Stanley (MS, Fortune 500), which regulators said would require $1.8 billion to shore up its capital position. Just freaking amazing the damage that Barack O'bingbong caused. TMT Fixed your typo. You have your head up your butt. 99% of this problem was Bush and the policy's of his office.. The little Texas idiot is in hiding.. Need to be arrested and hung right. Obamma is just fixing what Bush's term fu*ked up. Bush sure did screw-up by letting the Democrats destroy Freddie and Fanny by mandating loans to people that had no hope of paying them back. Bush also screwed-up by letting these loans get turned into derivatives with an "AAA" rating. You need to read some other things than your little pamphlet. |
#3
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Stress Tests: Banks Need $75 Billion
"Buerste" wrote in message ... "-=DirtBag©" wrote in message ... Basil Karlo wrote: "Too_Many_Tools" wrote in message ... On May 7, 4:41 pm, brk wrote: Stress test results: Banks must raise $75 billion By David Ellis, CNNMoney.com staff writer May 7, 2009 Results of long-awaited bank stress tests reveal that 10 out of 19 banks tested need to raise new capital. Bank of America must raise $33.9 billion. NEW YORK (CNNMoney.com) -- Ten of the nation's 19 largest banks will need to raise a total of $74.6 billion in capital, federal officials announced Thursday, bringing an end to relentless speculation about how much more money the nation's leading banks would need to withstand the recession. More than two months after launching the so-called "stress test" program, leading regulators said that more than half of the banks tested would require capital to absorb additional losses if the economy weakens further. Leading the list was Bank of America (BAC, Fortune 500), which faces a $33.9 billion capital shortfall. Following behind was Wells Fargo (WFC, Fortune 500) and struggling auto finance firm GMAC, which will need to raise $13.7 billion and $11.5 billion respectively. Beleaguered banking giant Citigroup (C, Fortune 500), which has taken hold of approximately $50 billion in government aid to date, is being asked to raise $5 billion, regulators said. Five regional lenders -- PNC, Regions Financial, SunTrust, Fifth Third and KeyCorp will also be required to raise new capital. So will Wall Street investment bank Morgan Stanley (MS, Fortune 500), which regulators said would require $1.8 billion to shore up its capital position. Just freaking amazing the damage that Barack O'bingbong caused. TMT Fixed your typo. You have your head up your butt. 99% of this problem was Bush and the policy's of his office.. The little Texas idiot is in hiding.. Need to be arrested and hung right. Obamma is just fixing what Bush's term fu*ked up. Bush sure did screw-up by letting the Democrats destroy Freddie and Fanny by mandating loans to people that had no hope of paying them back. CRA loans have the lowest default rate of any mortgages Tom. I guess you really are just stupid after all. http://traigerlaw.com/publications/T...ty_1-26-09.pdf Bush also screwed-up by letting these loans get turned into derivatives with an "AAA" rating. That is indeed the case. Failing to enforce regulations is something that is squarely on the doorstep of the Executive branch. JC |
#4
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Stress Tests: Banks Need $75 Billion
"John R. Carroll" wrote in message ... CRA loans have the lowest default rate of any mortgages Tom. I guess you really are just stupid after all. As stupid as you loosing all your assets in risky, questionable investments? I don't think so! The GSE business model faces inherent conflicts due its combination of government mission and private ownership. According to the American Enterprise Institute, a conservative think-tank: "The government mission required them to keep mortgage interest rates low and to increase their support for affordable housing. Their shareholder ownership, however, required them to fight increases in their capital requirements and regulation that would raise their costs and reduce their risk-taking and profitability. But there were two other parties--Congress and the taxpayers--that also had a stake in the choices that Fannie and Freddie made. Congress got some benefits in the form of political support from the GSEs' ability to hold down mortgage rates, but it garnered even more political benefits from GSE support for affordable housing."[15] In 2003, the Bush Administration sought to create an agency to oversee Fannie Mae and Freddie Mac.[16] While Senate and House leaders voiced their intention to bring about the needed legislation, no reform bills materialized. A Senate reform bill introduced by Senator John Corzine (D-NJ) (S.1656) never made it out of the 21-member (10D/11R) Senate Banking, Housing, and Urban Affairs Committee.[17]. At the time members of the 108th congress expressed faith in the solvency of Fannie and Freddie. Congressman Barney Frank (D-MA), for example, described them as "not facing any kind of financial crisis." [18] In 2005, the Federal Housing Enterprise Regulatory Reform Act, sponsored by Senator Chuck Hagel(R-NE) and co-sponsored by Senators Elizabeth Dole (R-NC), John McCain (R-AZ) and John Sununu (R-NH)[2], would have increased government oversight of loans given by Fannie Mae and Freddie Mac. Like the 2003 bill, it also died in the Senate Banking, Housing, and Urban Affairs Committee, this time in the 109th Congress. A full and accurate record of the congressional attempts to regulate the housing GSEs is given in the Congressional record prepared in 2005. [19][20] Gerald P. O'Driscoll, the former vice president of the Federal Reserve Bank of Dallas, stated that Fannie Mae and Freddie Mac had become classic examples of crony capitalism. Government backing let Fannie and Freddie dominate the mortgage-underwriting. They returned some of the profits to the politicians, sometimes directly, as campaign funds, and sometimes as "contributions to favored constituents." [21] |
#5
Posted to rec.crafts.metalworking
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Stress Tests: Banks Need $75 Billion
"John R. Carroll" wrote in message ... "Buerste" wrote in message ... "-=DirtBag©" wrote in message ... Basil Karlo wrote: "Too_Many_Tools" wrote in message ... On May 7, 4:41 pm, brk wrote: Stress test results: Banks must raise $75 billion By David Ellis, CNNMoney.com staff writer May 7, 2009 Results of long-awaited bank stress tests reveal that 10 out of 19 banks tested need to raise new capital. Bank of America must raise $33.9 billion. NEW YORK (CNNMoney.com) -- Ten of the nation's 19 largest banks will need to raise a total of $74.6 billion in capital, federal officials announced Thursday, bringing an end to relentless speculation about how much more money the nation's leading banks would need to withstand the recession. More than two months after launching the so-called "stress test" program, leading regulators said that more than half of the banks tested would require capital to absorb additional losses if the economy weakens further. Leading the list was Bank of America (BAC, Fortune 500), which faces a $33.9 billion capital shortfall. Following behind was Wells Fargo (WFC, Fortune 500) and struggling auto finance firm GMAC, which will need to raise $13.7 billion and $11.5 billion respectively. Beleaguered banking giant Citigroup (C, Fortune 500), which has taken hold of approximately $50 billion in government aid to date, is being asked to raise $5 billion, regulators said. Five regional lenders -- PNC, Regions Financial, SunTrust, Fifth Third and KeyCorp will also be required to raise new capital. So will Wall Street investment bank Morgan Stanley (MS, Fortune 500), which regulators said would require $1.8 billion to shore up its capital position. Just freaking amazing the damage that Barack O'bingbong caused. TMT Fixed your typo. You have your head up your butt. 99% of this problem was Bush and the policy's of his office.. The little Texas idiot is in hiding.. Need to be arrested and hung right. Obamma is just fixing what Bush's term fu*ked up. Bush sure did screw-up by letting the Democrats destroy Freddie and Fanny by mandating loans to people that had no hope of paying them back. CRA loans have the lowest default rate of any mortgages Tom. I guess you really are just stupid after all. http://traigerlaw.com/publications/T...ty_1-26-09.pdf Bush also screwed-up by letting these loans get turned into derivatives with an "AAA" rating. That is indeed the case. Failing to enforce regulations is something that is squarely on the doorstep of the Executive branch. JC Buerste recently posted: "I wonder if we would be better off if Germany had won. Hitler and that philosophy would have passed quickly and good sense would have prevailed and led the world into peace and prosperity. ....sure beats the socialism we're heading into. " http://groups.google.com/group/rec.c...84446da8a6e484 |
#6
Posted to rec.crafts.metalworking
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Stress Tests: Banks Need $75 Billion
"ATP*" wrote in message ... "John R. Carroll" wrote in message ... "Buerste" wrote in message ... "-=DirtBag©" wrote in message ... Basil Karlo wrote: "Too_Many_Tools" wrote in message ... On May 7, 4:41 pm, brk wrote: Bush sure did screw-up by letting the Democrats destroy Freddie and Fanny by mandating loans to people that had no hope of paying them back. CRA loans have the lowest default rate of any mortgages Tom. I guess you really are just stupid after all. http://traigerlaw.com/publications/T...ty_1-26-09.pdf Bush also screwed-up by letting these loans get turned into derivatives with an "AAA" rating. That is indeed the case. Failing to enforce regulations is something that is squarely on the doorstep of the Executive branch. JC Buerste recently posted: "I wonder if we would be better off if Germany had won. Hitler and that philosophy would have passed quickly and good sense would have prevailed and led the world into peace and prosperity. ...sure beats the socialism we're heading into. " http://groups.google.com/group/rec.c...84446da8a6e484 He's probably got ironwork hanging over the entrance at Ohio Brush that says "Arbreicht Macht Frie" JC |
#7
Posted to rec.crafts.metalworking
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Stress Tests: Banks Need $75 Billion
"John R. Carroll" wrote in message ... "ATP*" wrote in message ... "John R. Carroll" wrote in message ... "Buerste" wrote in message ... "-=DirtBag©" wrote in message ... Basil Karlo wrote: "Too_Many_Tools" wrote in message ... On May 7, 4:41 pm, brk wrote: Bush sure did screw-up by letting the Democrats destroy Freddie and Fanny by mandating loans to people that had no hope of paying them back. CRA loans have the lowest default rate of any mortgages Tom. I guess you really are just stupid after all. http://traigerlaw.com/publications/T...ty_1-26-09.pdf Bush also screwed-up by letting these loans get turned into derivatives with an "AAA" rating. That is indeed the case. Failing to enforce regulations is something that is squarely on the doorstep of the Executive branch. JC Buerste recently posted: "I wonder if we would be better off if Germany had won. Hitler and that philosophy would have passed quickly and good sense would have prevailed and led the world into peace and prosperity. ...sure beats the socialism we're heading into. " http://groups.google.com/group/rec.c...84446da8a6e484 He's probably got ironwork hanging over the entrance at Ohio Brush that says "Arbreicht Macht Frie" JC An otherwise noble sentiment twisted by the Nazis. |
#8
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Stress Tests: Banks Need $75 Billion
On May 8, 9:14*am, "John R. Carroll"
wrote: CRA loans have the lowest default rate of any mortgages Tom. I guess you really are just stupid after all.http://traigerlaw.com/publications/T...stment_act_of_... JC I skimmed thru the Traigerlaw report and did not see where it said that the default rate was lower. Their study showed that the origination rate remained the same for CRA loans, but that is not exactly the same as saying the default rate was low. As I said I skimmed thru the report, but facts about the default rate did not jump out at me. Dan |
#9
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Stress Tests: Banks Need $75 Billion
On Thu, 07 May 2009 18:42:17 -0700, -=DirtBag© wrote:
You have your head up your butt. 99% of this problem was Bush and the policy's of his office.. The little Texas idiot is in hiding.. Need to be arrested and hung right. Obamma is just fixing what Bush's term fu*ked up. No wonder you are called Dirtbag..your head resembles the inside of my Hoover. And you post bogus info as well. "Somewhere a True Believer is training to kill you. He is training with minimum food or water,in austere conditions, day and night. The only thing clean on him is his weapon. He doesn't worry about what workout to do--- his rucksack weighs what it weighs, and he runs until the enemy stops chasing him. The True Believer doesn't care 'how hard it is'; he knows he either wins or he dies. He doesn't go home at 1700; he is home. He knows only the 'Cause.' Now, who wants to quit?" NCOIC of the Special Forces Assessment and Selection Course in a welcome speech to new SF candidates |
#10
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Stress Tests: Banks Need $75 Billion
On May 9, 12:47*pm, Gunner Asch wrote:
On Thu, 07 May 2009 18:42:17 -0700, -=DirtBag© wrote: You have your head up your butt. *99% of this problem was Bush and the policy's of his office.. The little Texas idiot is in hiding.. Need to be arrested and hung right. *Obamma is just fixing what Bush's term fu*ked up. No wonder you are called Dirtbag..your head resembles the inside of my Hoover. And you post bogus info as well. "Somewhere a True Believer is training to kill you. He is training with *minimum food or water,in austere conditions, day and night. The only thing clean on him is his weapon. He doesn't worry about what workout to do--- his rucksack weighs what it weighs, and he runs until the enemy stops chasing him. The True Believer doesn't care 'how hard it is'; he knows he either wins or he dies. He doesn't go home at 1700; he is home. He knows only the 'Cause.' Now, who wants to quit?" NCOIC of the Special Forces Assessment and Selection Course in a welcome speech to new SF candidates LOL...so Gunner where is George the Village Idiot? In detox? TMT |
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