U.S. Stress Test Results Delayed as Early Conclusions Debated
April 30th, 2009
The one quote that sums up this article is the following:
“Everybody understands they’ve got a tiger by the tail here,” said Mark Tenhundfeld, a senior vice president at the American Bankers Association in Washington. “If they don’t let him go gently there will be a lot of mauling going on.”
Don’t be deluded. Banks are in trouble. Big trouble. The Insurers and REITS, and the consumer are too.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYN.RjdIR9Hg&refer=home