Obama, Bernanke, Summers and Geithner are DUMB, plain and simple - DUMB
I will refrain from posting any articles on this blog but i was reading this article and couldn't believe it, I thought it was april fools day;
Bernanke Says U.S. Banks Must Test More to Identify Other Risks
May 12 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said efforts by U.S. banks to raise capital are “encouraging” and called on firms to identify other risks through internal stress tests. The banks, especially those with “trading and investment banking businesses,” should keep monitoring “operational, liquidity and reputational risks,” which weren’t addressed by the exam concluded last week, Bernanke said in a speech yesterday at a Fed conference in Jekyll Island, Georgia.
INTERNAL STRESS TEST????? what do you think the recent stress tests were, they weren't external....the banks, the fed and the government basically wrote there own criteria, filled in the report card then gave themselves a result.....ITS ALL B.S
safe trading
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