Stress Test Results [PDF]
Citi:
current capital, $118.8 billion
total estimated losses (under adverse scenario), $104.7 billion
capital needed, $5.5 billion
trouble zones, credit cards, Pandit’s love handles
BAC:
current capital, $173.2 billion
total estimated losses (UAS), $136.6 billion
capital needed, $33.9 billion
trouble zones, first lien mortgages, Ken Lewis’s drinking problem
GS:
current capital, $55.9 billion
total estimated losses (UAS), $17.8 billion
capital needed, $0
trouble zones, whatever’s Yiddish for “N/A motherfuckers”
JPM:
current capital, $136.2 billion
total estimated losses (UAS), $97.4 billion
capital needed, $0
trouble zones, credit card loans and Jamie Dimon’s dangerously good looks
Maxine please
Vickle take a bow…
Too communist, didn’t kremlin
Can somebody get Bernanke in a helicopter?
SCAP = SCAM
good job vikram!
vikula deserves a tickula
whatever’s Yiddish for “N/A motherfuckers”
nice.
pandito’s love handles are part of his charm, thank you very much
Anybody know what ratios is the most meaningful. SCAP to the asset numbers look pretty rough for some of the smaller banks but I’m not sure what to stick in the denominator.
drinks are on lewis
Friedman resigns..
Goldman is safe, made $3m+ in gains on timely stock purchases, will end up in a consulting capacity somewhere and thus, mission accomplished.
Strangely, I don’t feel anything. No repulsion, no disgust for this slimeball. Just a sign of how jaded we’ve all become to blatant and brazen transgressions.
can we get someone to cross check the current revenue estimates for said banks over the next 2 years and the “resources other than capital to absorb losses”…
reported resoursces under the tests were:
bac $74 bn
jpm $72 bn
wfc $60 bn
c $49 bn
I believe this was supposed to be under the “stressed” scenario…
booya!
@13
What do you think is a worst case revenue estimate for the four?
can you post the wrestling pic of steve friedman when you get around to his resignation??
So thats it, we’re in the clear, nothing to see here?
This Armageddon was avoided easier than the one in Wargames.
Some rich got richer, some rich got screwed. Some Ibises got molested, some Palm Beach CC memberships not renewed.
Bonus money was paid, people yelled and dumped tea.
Lehman, Bear, and to some degree Wamu, AIG, ML. Chrysler, GM…RIPieces.
The collapse ended not with a bang but a stress test induced whimper. (except for the few unfortunate ‘suicides’ which did indeed end with a bang.)
In the immortal words of Chuck D. ‘Dont believethe hype”.
-C
@16- oh, you mean the post that was put up half an hour ago? thanks for playing.
“You can see who’s been swimming naked with venereal warts when the tide goes out…”
~The Oracle of Olathe
Wow the Fed really needs to hire better analysts.
p.11, look for “USB” instead of “UBS”
Short for Uncle Sven’s Broke, I believe
@20, who is a degenerate fucktard
USB is US Bank
@21 chill out, USB is only a $250 billion bank why would anyone have heard of it
@22 that’s funny, so’s UBS ;)
@22 that’s funny, so’s UBS ;)