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Watch The Irish Stress Test Release Live Here

Tyler Durden's picture





 

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 | Link to Comment Atomizer
Atomizer's picture

Thank you Tyler.

Thu, 03/31/2011 - 11:27 | Link to Comment carbonmutant
carbonmutant's picture

+10

 

Thu, 03/31/2011 - 11:31 | Link to Comment redpill
redpill's picture

I love sci-fi movies!

Thu, 03/31/2011 - 11:20 | Link to Comment TruthInSunshine
TruthInSunshine's picture

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 | Link to Comment TaxEstate
TaxEstate's picture

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

Thu, 03/31/2011 - 11:31 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Yields say otherwise.

Thu, 03/31/2011 - 11:31 | Link to Comment Ethics Gradient
Ethics Gradient's picture

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 | Link to Comment AnAnonymous
AnAnonymous's picture

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 | Link to Comment willien1derland
willien1derland's picture

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

Thu, 03/31/2011 - 11:27 | Link to Comment Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

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

Thu, 03/31/2011 - 11:25 | Link to Comment Sudden Debt
Sudden Debt's picture

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 | Link to Comment carbonmutant
carbonmutant's picture

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

Thu, 03/31/2011 - 11:29 | Link to Comment Atomizer
Atomizer's picture

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

Thu, 03/31/2011 - 11:32 | Link to Comment Cojones
Cojones's picture

Saint Hattrick's day. Mark my words.

 

Thu, 03/31/2011 - 11:32 | Link to Comment JohnnyR2121
JohnnyR2121's picture

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 | Link to Comment Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

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 | Link to Comment Ethics Gradient
Ethics Gradient's picture

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

Thu, 03/31/2011 - 11:37 | Link to Comment kairological
kairological's picture

Short STD

oh the irony

Thu, 03/31/2011 - 11:37 | Link to Comment Jack Donaghy
Jack Donaghy's picture

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 | Link to Comment carbonmutant
carbonmutant's picture

Cost of deleveraging...

Thu, 03/31/2011 - 11:39 | Link to Comment carbonmutant
carbonmutant's picture

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

Thu, 03/31/2011 - 11:40 | Link to Comment AldoHux_IV
AldoHux_IV's picture

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 | Link to Comment carbonmutant
carbonmutant's picture

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

Thu, 03/31/2011 - 11:49 | Link to Comment M.B. Drapier
M.B. Drapier's picture

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 | Link to Comment M.B. Drapier
M.B. Drapier's picture

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 | Link to Comment Jack Donaghy
Jack Donaghy's picture

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

Thu, 03/31/2011 - 11:48 | Link to Comment Jack Donaghy
Jack Donaghy's picture

"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 | Link to Comment M.B. Drapier
Thu, 03/31/2011 - 11:52 | Link to Comment Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

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 | Link to Comment TruthInSunshine
TruthInSunshine's picture

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 | Link to Comment TruthInSunshine
TruthInSunshine's picture

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 | Link to Comment NotApplicable
NotApplicable's picture

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

Do NOT follow this link or you will be banned from the site!