I forgot to add this to my links.  Very funny Saturday Night Live clip spoofing Timothy Geithner.  See the link here.
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I found this story and video of Bill Black on Tech Ticker (hat tip Larry Doyle). Basically, Black thinks the stress tests were a joke, a common theme heard from those in the know. Listen to what he says about a really difficult stress test we gave Fannie Mac ten years ago.
Results of [...]

In case you missed it, this is Tim Geithner talking stress tests this past Wednesday on Charlie Rose.

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In the CNBC video below, Ken Lewis defends his company’s performance on the stress test and answers some pointed questions in the John Thain – Ben Bernanke – Ken Lewis – Hank Paulson he said she said match.  He also details how Bank of America plans to raise the $34 billion in capital to deal [...]

This came to me in my inbox seconds ago:
Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair today commented on the release of the results of the Capital Assessment Program.
Chairman Bair said: "I want to commend the Federal Reserve for leading the stress assessment exercise and believe that this effort will serve to strengthen the [...]

If you haven’t noticed, the Treasury department seems to be leaking the results of the stress tests to reporters at the Wall Street Journal.  Richard Bove, a well-known bank analyst was on Bloomberg Radio this morning talking to Tom Keene and said he knows they have been leaking.  Yves Smith was on top of this [...]

Last week I wrote a post suggesting that the Germans were getting tired of bailing out their banks and had moved to more draconian solutions to ‘fix’ the banking sector. Nationalizing Hypo Real Estate this week will be the first move in that direction.
But the Germans are not nearly finished in [...]

Warren Buffet speaks with CNBC in the lead up to the Berkshire Hathaway Annual Meeting.  He talks a bit about stress tests and Citigroup.  When asked about Wells Fargo, he says he administers his own stress tests and that Wells passes “with flying colors.”
He also uses an analogy of a commodities producer selling copper for [...]

This comes via Bloomberg:

At least six of the 19 largest U.S. banks require additional capital, according to preliminary results of government stress tests, people briefed on the matter said.
While some of the lenders may need extra cash injections from the government, most of the capital is likely to come from converting preferred shares to common [...]

This is a thought experiment, so bear with me.
I have written repeatedly how I felt that the U.S. Government’s plans to save the banking system were not adequate in the face of a severe capital shortfall in banking.
On one level, I cannot understand the seemingly blinkered view now being taken in Washington by the Obama [...]