Rumors about bank stress test

[lolatency]

I saw on a conspiracy web site a comment that the bank stress test results were leaked and that 16 of 19 banks were insolvent, and that these details get released on May 4th.

I can't confirm this, but does anyone out there know of anything about leaked stress test results?

Here's the Zero Hedge article:

http://zerohedge.blogspot.com/2009/04/stress-test-results-leaked.html

This is really terrifying, if it is true.

 

[lolatency]

Quote from lolatency:

I saw on a conspiracy web site a comment that the bank stress test results were leaked and that 16 of 19 banks were insolvent, and that these details get released on May 4th.

I can't confirm this, but does anyone out there know of anything about leaked stress test results?

Here's the Zero Hedge article:

http://zerohedge.blogspot.com/2009/04/stress-test-results-leaked.html

This is really terrifying, if it is true.

Zero Hedge cited some neo-nazi nutcase, so I guess it's just alarmist rumors.

I don't know how seriously to take that blog just yet.

 

[CET]

They are just going to lower the capital requirements to minimize the number of banks that must raise capital in the hopes that most will survive over time. It should be clear by now the rules will continually be changed.

 

[turkeyneck]

China gold reserves apparently doubled

"Chinese officials have been increasingly vocal about their concern on the U.S. dollar and the U.S. bailout policies of late, and have actively been seeking to diversify into other assets, especially commodities," said Martin Hennecke, an associate director with Tyche Group in Hong Kong.

http://www.marketwatch.com/news/sto...456B-46AD-B68F-3541D15B611D}&dist=SecMostRead