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Watch The Irish Stress Test Release Live Here

Submitted by Tyler Durden on 03/31/2011 11:19 -0400

In 15 minutes it is possible that we will get the first guest of wind to topple the European house of insolvent banking cards, just in time for the pro forma cruelest month to upshift into the real one. Readers can watch the Live press conference: "Publication of Capital and Liquidity Results by the Central Bank of Ireland" at the link below.

And since this release will be purely factual, the political follow through will occur at the Irish parliament shortly thereafter, where the Minister of Finance will make a statement, including discussing the possibility of senior bondholder haircuts. The live webcast can be seen here.

Watch Noonan talk more here:

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Thu, 03/31/2011 - 11:22 | 1121459 Atomizer

Thank you Tyler.

Thu, 03/31/2011 - 11:27 | 1121487 carbonmutant

+10

Thu, 03/31/2011 - 11:31 | 1121499 redpill

I love sci-fi movies!

Thu, 03/31/2011 - 12:00 | 1121646 TruthInSunshine

An Irishman abroad tells it like it is

Thu, 03/31/2011 - 11:20 | 1121461 TruthInSunshine

Ireland will be the first test case for Germans.

If German markets crash because of the Irish situation, the ghouls will know they can blackmail Germany's government.

If they can already crash those markets, ala what was done in the U.S. during TARP negotiations, it's a moot exercise of the highest order.

Thu, 03/31/2011 - 11:23 | 1121462 TaxEstate

Do you honestly think the stress tests will show anything other than "No problems here. All is well!".

Thu, 03/31/2011 - 11:31 | 1121498 Id fight Gandhi

Yields say otherwise.

Thu, 03/31/2011 - 11:31 | 1121503 Ethics Gradient

The results of these things are always driven by what you want to achieve rather than how things actually are.

It's worth bearing in mind that at this point what Irish want to achieve is somewhat different to JCT.

Thu, 03/31/2011 - 11:22 | 1121464 AnAnonymous

Is there any chance that the stress tests return values that could be damaging or has it be tailored not to return damaging values?

Another potential non event in the big masquerade going on.

Thu, 03/31/2011 - 11:24 | 1121471 willien1derland

Thank you Tyler - a moment of silent prayer for the poor Irish people -

Thu, 03/31/2011 - 11:27 | 1121478 Lord Peter Pipsqueak

30 billion Euros,nothing to see here,move on.BTFD.

Thu, 03/31/2011 - 11:25 | 1121479 Sudden Debt

THE POT OF GOLD IS EMPTY!! THE TROLLS STOLE IT!! and what was left went to booze and hookers...

Thu, 03/31/2011 - 11:30 | 1121494 carbonmutant

Actually there's an IOU in the bottom...

Thu, 03/31/2011 - 11:29 | 1121497 Atomizer

The hidden stash can be found at the end of the rainbow.

Thu, 03/31/2011 - 11:32 | 1121504 Cojones

Saint Hattrick's day. Mark my words.

Thu, 03/31/2011 - 11:32 | 1121505 JohnnyR2121

http://wallstreetpit.com/69229-tesla-motors-nasdaq-tsla-americas-fourth-automaker-morgan-stanley

TSLA has 200% upside according this Morgan Stanley analyst. Could be a good quick post. Very funny. Zero percent interest rates = crazy things.

Thu, 03/31/2011 - 11:32 | 1121513 Lord Peter Pipsqueak

If you want to read the extent to which the Irish government has put its country on the hook to the banksters,read the following.Absolutely fucking unbelievable.

Treason doesn't even begin to describe it.

http://www.bbc.co.uk/blogs/thereporters/robertpeston/2011/03/the_unbelievable_truth_about_i.html

Thu, 03/31/2011 - 11:32 | 1121515 Ethics Gradient

It would appear that the website is having trouble keeping up with the interest...

Thu, 03/31/2011 - 11:37 | 1121536 kairological

Short STD

oh the irony

Thu, 03/31/2011 - 11:37 | 1121538 Jack Donaghy

AIB needs 13.3bn, B of I 5.2bn, EBS 1.5bn, Irish Life & Per 4bn - total 24 bn

Thu, 03/31/2011 - 11:39 | 1121554 carbonmutant

Cost of deleveraging...

Thu, 03/31/2011 - 11:39 | 1121560 carbonmutant

"Not intended to be a forecast of what will happen"...LOL

Thu, 03/31/2011 - 11:40 | 1121565 AldoHux_IV

The best thing for Ireland is to remove itself from the failed EU and begin the true repair of their banking system-- it's obvious that any IMF/Eu involvement has thus far left them in a far more worse situation. The real question is how far Ireland wants to go down the rabbit hole.

Thu, 03/31/2011 - 11:43 | 1121576 carbonmutant

Blackrock's 3 year loss rate is higher than the Bank's estimate...LOL

Thu, 03/31/2011 - 11:49 | 1121609 M.B. Drapier

For the past couple of days the Irish media has been fed with stories about how reputable BackRock is.

Thu, 03/31/2011 - 11:42 | 1121577 M.B. Drapier

The stress test documents are due to appear here. There should be useful commentary at NAMA Wine Lake, Corner Turned and The Irish Economy.

Thu, 03/31/2011 - 11:44 | 1121581 Jack Donaghy

Unless someone breaks into song then I'm afraid this will pretty much be as expected.

Thu, 03/31/2011 - 11:48 | 1121599 Jack Donaghy

"this is one of the most costliest banking crises in history, and I seem to recall saying that last year *feed freezes*." Honohan

Thu, 03/31/2011 - 11:52 | 1121605 M.B. Drapier

Fun fact! Allied Irish Bank now jointly owns Stuy Town.

Thu, 03/31/2011 - 11:52 | 1121615 Lord Peter Pipsqueak

A picture is a thousand words:

http://www.daft.ie/searchsale.daft?id=583551

This is what Irish banks have lent against,quality or what?Click on the picture to see inside to appreciate the "traditional features",also modern luxuries such as a Radon barrier-to prevent radioactive Radon gas permeating the building,and half the roof is thatch.

Thu, 03/31/2011 - 11:56 | 1121630 TruthInSunshine

Thank you. A picture is worth so much.

Bloody murder in capital markets lay ahead, folks.

That is beyond insane.

Thu, 03/31/2011 - 11:54 | 1121626 TruthInSunshine

The bagmen of the truly elite have arrived. Listen up, all ye:

03-31 11:50: ECB's Honohan says expects majority state ownership in all banks

Thu, 03/31/2011 - 12:13 | 1121692 NotApplicable

Fifteen minutes? Well, that's all the time Ben needs, isn't it?

Watch The Irish Stress Test Release Live Here

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