Wednesday, April 29, 2009

Treasury to Citi and BOA: Drop Dead


The early results from the financial "stress tests" that the treasury department ran on the big 19 are back.  It does not look good for Citi and BOA.  Get ready for another lesson in fuzzy math.  This time it seems the banks are upset with the revenue projections that the government is making.  I think fudging revenue is a freshman course for a fuzzy math major.... this should be easy. Read here.

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