Fed Is Said To Seek Capital For At Least 6 Banks

Bloomberg:

At least six of the 19 largest U.S. banks require additional capital, according to preliminary results of government stress tests, people briefed on the matter said.

Read the whole story: Bloomberg

Comments

[funkalicious]

02:32 PM on 05/01/2009

More Disconcerting than the gross executive pay and the caterwauling of executives that they must pay retention bonuses to failing executives or they will flee the sinking ships.

The most disconcerting aspect of these banks is they continue to claim that all is well and they continue to pay out dividends to their share holders CEO's and board members.

Why the paying out of tax dollars to shareholders? Now they want to come back to the Well? Again and Again and Again?

Citi Bank Of America are too big to keep on perpetual life support. The failure to retain the capital to shore up their balance sheet by lending it out would create revenue.. but instead the capital is payed as a dividend claimed as earnings and poof it is gone gone. We are supposed to be investing in the banks not giving free money to share holders.

[blimie]

02:29 PM on 05/01/2009

If they ask, they shall receive. They are the annointed ones. We have been placed on this earth to provide for them.

Can we stop this madness?

[nogimmicks]

01:18 PM on 05/01/2009

OK, Obama, go ahead. Keep feeding the failed banks with the money collected from the honest taxpayers. The rule of the Fed is brutal even when sweetened by such a good entertainer as Obama.

[blueken]

11:09 AM on 05/01/2009

My daughter was late on one payment on her credit card. It was an over sight. Her credit card immeditley froze her balance and shut her down. She then had her home equity line of credit frozen and was told she could no longer use it. The kicker is, she has no mortgage and a trust fund income of over $100,000 a year! Is this what our tax dollars are paying for? Survival of the quickest? We poor tax dollars into these banks, and they pounce on us? It's high time to regulate the hell out of these blood suckers. How will this economy every get re-started with practices like these?

[Lorianne]

04:28 PM on 04/30/2009

The Federal Reserve’s “bank stress tests” report shows Obama is hiding lies in plain sight

http://www.collinsreport.net/

[jerrypl]

01:05 PM on 04/30/2009

What Bernanke and Geithner are saying is that we need to feed 6 more zombies with more cash to keep them fully enriched while the rest of American gets eaten alive.

http://eye-on-washington.blogspot.com

[loki]

02:51 AM on 04/30/2009

translation

We have discovered that there is more money that we can transfer into the pockets of our very wealthy friends. WOOHOO, we are getting filthy rich off these fools!!

[loki]

02:50 AM on 04/30/2009

translation. ::: We figure there is more money that can be handed out to our really rich friends, so we need to make more excuses to mislead the public. Woohoo, we is getting rich off the fools!!

[swanie]

04:39 PM on 04/29/2009

With all due respect to the Fed, and with NO RESPECT to the banks, F**K you.

Enough is enough. Let them go broke, and find out what real life is all about.
.

[PSTEN]

12:10 PM on 04/29/2009

These banks need to fail. Take them into receivership just like other banks that are failing. Find buyers for the parts, break'em down, bust them apart, and throw any law brakers into jail. Then regulate. There should be no special treatment for these banks just because they have financed so may politicians bid for office.

[sheilaofmiami]

11:56 AM on 04/29/2009

This is the one area, a big one, where I am not pleased with Obama. It is time to let these oversized banks sink or swim.

They have money, they don't want to use it for business, they just want to play with it themselves.

The days of selfish money hording needs to end. It won't if gov't keeps bailing out those who do not change their ways.

[andyboy]

12:59 PM on 04/29/2009

sheilaofmiami,

You must always remember the motto of all politicians everywhere......"It's not real money it's taxpayer money."

These are Ted Stevens words to live by.

It's nice the way you cut Barack a break and treated him very delicately like a flower. Displeased.

When do you actually get angry?

Having a Democrat in power is the perfect thing for when you want to empty the Treasuy out and distribute the funds to your friends and cronies in the banking and business world.

It confuses liberals when confronted with neo-conservative corporate/military bootlicking nice guys with glittering smiles and inspirational rhetoric.

This is like a one nighter and you hope he's going to call but it's been like 100 days and you havn't heard.....

[cynthia3217]

10:55 AM on 04/29/2009

I propose that they use the money they have set aside for "executive" bonuses and fund themselves. No more money for Citi or BofA. Mismanagement has brought them down. Split them up and let them fail. Somehow, Capitalism is their mantra...prove it guys!

[OhgReaTone]

10:17 AM on 04/29/2009

Over the years I had been solicited by about every banks bigger than the corner grocery store for credit card business. I took advantage of some offers that ultimately saved me money. Ultimately I had about 15 credit cards with about $100,000 potential. I was once and asset, now I am a liability to those same banks. .................

http://thefiresidepost.com/2009/04/12/credit-card-potential-becomes-liability-for-banks/