Sunday, February 22, 2009

Now It's Official: Stress Test Results Pre-Determined

Voltron says: Economist Yves Smith alleges that the government "stress test" evaluations of the major banks are a sham, and provides some interesting anecdotal evidence of their insolvency.

http://www.nakedcapitalism.com/2009/02/now-its-official-stress-test-results.html

I explained how commercial real estate loans can be hidden time bombs back in October: http://cfcsux.blogspot.com/2008/10/commercial-real-estate.html

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