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Originally Posted by Riot
Stuff like that has been in the news of the past couple of weeks, about some banks being approved as stable enough so they will start paying back billions in TARP funds, about the G8 meeting covering exactly that ("getting out of the way").
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Its such a bullshit. The stress tests were about the dumbest thing you could do. First of all, there wasn't enough stress. Second of all, the bogus results were a false signal of a bottoming out.
Wells fargo, b of A and citi are in no better position now than they wee 120 days ago.