Showing posts with label stress test. Show all posts
Showing posts with label stress test. Show all posts

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.

Wednesday, April 15, 2009

Banks easily fudge quarterly earnings


The stress tests for the banks are going to be useless because of new lax accounting rules.  Read here.