May 8th, 2009 | 
Author: The Three Biggest Lies the Government Is Telling You by Charles …
lewrockwell.com1/27/12
So I have chosen to focus on lies about each: the Federal Reserve, the orchestrator of monetary policy; the U.S. budget, the accounting of government fiscal policy; and a few of the Empire's war lies. I am sharing just a … The World Bank gets almost all of its money by way of the International Bank for Reconstruction and Development (IBRD),( also not a bank), which gets its money from taxes, the largest share coming from the American people. The IBRD also sells …
In defense of capitalism | RedState
www.redstate.com1/12/12
So all you people defending Mitt Romney's corporate activity as unassailable because by God the business of America is business and what not, remember he once made clear he didn't much care for you guys. …. (Actually it sounds quite a bit like what happened to the banks. …. I have said for months that Rush, Beck, Hannity even Palin keep telling us what our candidate should look like and then we have one and they won't put their money where their mouths are. …
The just released government’s “stress-test” results suggest that ten of the nation’s nineteen biggest banks will need a total of around $75 billion in new capital in order to withstand losses if the recession worsens.
According to the tests, some of the largest banks are stable, whilst others will need billions more in capital.
Meanwhile, government officials are stressing that the banking industry is still viable in spite of its vulnerability, but concur that it will need massive injections of capital if there’s to be an economic rebound.
The official line is, that none of the banks will be allowed to fail, and that it’s hoped that the tests will restore investors’ confidence, that not all the nation’s banks are seriously weak, and that those that are can be strengthened.
Kevin Logan, who is chief U.S. economist at Dresdner Kleinwort said, “Looking at the big picture, you can say that things aren’t so bad for the financial industry as a whole. The banking industry is not going to make a lot of money going forward, and that’s a dilemma for keeping banks solvent and getting them lending”.
The ten banks that need more capital, have until June 8th to develop a plan and to have it approved by their regulators, and analysts say that the test results sketched an encouraging but cautious picture of the banks.
Related posts:
Posted in 'bad bank', aid, bailout, banking system, banks, business, crisis, economists, economy, Federal Reserve, finance, financial, financial crisis, financial system, global slowdown, government, recession, stimulus package, stress tests, taxpayers, Treasury, US banking, US banks, US economy | 
Tags: aid, bailout, banking system, banks, business, crisis, economists, economy, Federal Reserve, finance, financial, financial crisis, financial system, global slowdown, government, recession, stimulus package, stress tests, taxpayers, Treasury, US banking, US banks, US economy, ‘bad bank’
Greece may borrow privately through banks by the end of January, its second such transaction in as many months, following cuts to the nation’s credit ratings, according to the country’s debt manager.