Market Talk Deutsche Post Bank Has Failed The Stress Test

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Thu, 07/08/2010 - 11:52 | 458374 Renfield
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How the hell does ANY bank fail a rigged test that doesn't take into account chances of default?????

Bullshit. SON o' bullshit.

I don't believe it. I think this rumour is being spread to cool the EUR and I bet it started somewhere in the vicinity of Soros.

Thu, 07/08/2010 - 11:54 | 458412 IrrationalMan
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wasn't this a pass/pass stress test anyway?

Thu, 07/08/2010 - 11:59 | 458417 Renfield
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Yesh. That's why it had to be floated as a rumour. Because the actual results will be gold stars and participation trophies for the whole class.

23 July is a long way away in the world of shorts.

Thu, 07/08/2010 - 12:15 | 458445 carbonmutant
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I agree with Renfield, Bullshit.

Thu, 07/08/2010 - 11:33 | 458375 unwashedmass
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clearly the europeans didn't get Timmy's drift...NO ONE FAILS. NOT A ONE. how many ways and times do we have to tell them?

Thu, 07/08/2010 - 11:33 | 458376 Ragnarok
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From Bloom:


U.S. Banks Recruit Investors to Kill FASB Fair-Value Proposal

http://noir.bloomberg.com/apps/news?pid=20601087&sid=a.Jenvq3Igss&pos=6

Thu, 07/08/2010 - 11:51 | 458407 jkruffin
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Thanks for posting this,  I just wrote my letter to the director, asking them to not fall prey to the lobbying and force these banks to deal with these toxic assets instead of allowing them to mark them to whatever price they want to cook their books.  Enron revisited.

Thu, 07/08/2010 - 12:07 | 458432 Rainman
Rainman's picture

Double thanks. Check out the absurdity of those fair to carry values. Hell, the proposed MTM change wouldn't even take effect until 2013 . The ABA banksters, therefore, could not survive fair valuation even that far out....!!

A force for truth is at war with the force for ongoing lies. It must be a fucked up time to be an "independent", SEC-endorsed auditor for the banksters. Imagine the stench coming off those balance sheets.

Thu, 07/08/2010 - 11:34 | 458377 ratava
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was it denied yet? that way we would know it is the truth.

Thu, 07/08/2010 - 11:38 | 458384 SheepDog-One
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WTF this is like failing time after time at bat at T-Ball.... Swing and another clean MISS! Cant get any more rigged and still all fail? Hmmm obviously time for another 3% melt-up rally.

BTW didnt OUR stress tests factor in 7% unemployment or something like that? Guess thats no longer relevant.

Thu, 07/08/2010 - 11:41 | 458386 RobotTrader
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Must be the reason gold is getting sold and everyone is now piling back into bonds.

 

Thu, 07/08/2010 - 11:48 | 458398 Running on Empty
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I've noticed that "Gold Bitchez" have been quiet lately.

Thu, 07/08/2010 - 12:50 | 458534 IE
IE's picture

Busy buying on sale.

Thu, 07/08/2010 - 12:07 | 458430 egdeh orez
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Gold Bitchez!!!

LOL

Thu, 07/08/2010 - 11:44 | 458392 Horatio Beanblower
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The ignominy of failing an intentionally rigged stress test must be hard for some people to bear. 

Thu, 07/08/2010 - 11:45 | 458394 tom
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I bet there are quite a few Eurozone banks that will collapse if not everything improves all at once soon, which is how the EU defines "stress".

Thu, 07/08/2010 - 11:45 | 458395 Tartarus
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Whatever happens the Greek banks are likely to fail the most important stress test of all, economic reality.

Thu, 07/08/2010 - 11:46 | 458397 doomandbloom
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how bad should a bank be to fail a rigged stress test?

Thu, 07/08/2010 - 11:49 | 458404 Gully Foyle
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I read Stress test as some hybrid bank Triathalon where participants perferm repititious tasks until they drop. I picture whole rows of people speed stamping loan applications with little timers on their desks.

Thu, 07/08/2010 - 11:54 | 458409 Temporalist
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Banks in the U.S. are still failing and that is before the CRE crash which has been postponed by lenders or transfered in the Loss Share Program.

http://problembanklist.com/fdic-loss-share-guarantees-balloon-to-billion...

Some 86 banks I think have failed already in the U.S. for 2010 with the projected year end amount to be 178 up from the 130 in 2009..

 

 

Thu, 07/08/2010 - 12:04 | 458423 jkruffin
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No wonder Germany didn't want stress tests released to public, rigged or not, they still fail.  Greece is just an embarrassment. Spain of course,  well, we know that is a lie.

Thu, 07/08/2010 - 12:10 | 458437 Ripped Chunk
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Bank run!!!!

Thu, 07/08/2010 - 12:17 | 458450 carbonmutant
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The ECB can't afford a propaganda failure...

Thu, 07/08/2010 - 12:48 | 458529 Ahmeexnal
Ahmeexnal's picture

Those tests are as rigged as the world cup matches.
Still, the masses cheer for gladiator blood.
Time to give the thumbs down signal for them banks!

Thu, 08/19/2010 - 11:16 | 530423 herry
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