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12:08 AM on 05/05/2009
OK, that is about half...so what is the problem? Seems like Obama's plan is working.
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HUFFPOST SUPER USER
drkazmd65
Mom Taught me - Question Everything - Thanks Mom!
12:08 AM on 05/05/2009
So,... IF these particular banks can't raise their capital in a month or so,... THEN do we place them into receivership?

'Cause if we don't we are still going to be stuck with a bunch of empty shells of former banks shambling all over economy for another decade or so,...
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williamg
Obamacare = law of the land. Forever.
12:18 AM on 05/05/2009
No. You've got it wrong.

They are all solvent, they are being asked to raise capital to protect them against a downturn in the economy.
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Diogenis
12:08 AM on 05/05/2009
I need some more money in my account. Who do I contact?
12:07 AM on 05/05/2009
NO MONEY FOR BANKS UNLESS THERE IS BANKRUPTCY REFORM WITH CRAMDOWN FOR ALL HOMEOWNERS IN TROUBLE!
12:14 AM on 05/05/2009
I agree about bankruptcy reform, but no more money for banks regardless.
12:20 AM on 05/05/2009
I agree, they have to give to us before we give them more, now write your congressmen and senators.
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platanoman
Be sincere; be brief; be seated.
12:04 AM on 05/05/2009
Because Banks need to raise capital, it doesn't mean they need to be nationalized. US banks are not, necessarily insolvent.
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drkazmd65
Mom Taught me - Question Everything - Thanks Mom!
12:09 AM on 05/05/2009
Neither are the necessarily SOLVENT,... So - what are they then? The walking dead?
12:09 AM on 05/05/2009
They are absolutely insolvent!

http://www.globalresearch.ca/index.php?context=va&aid=13471
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platanoman
Be sincere; be brief; be seated.
12:14 AM on 05/05/2009
They are not insolvent. They are well-capitalized now. Bank of America's Tier 1 capital ratio stood at 10.1. That's not enough for FDIC to take over a bank.
12:01 AM on 05/05/2009
I wonder how much more money we are going to give them. It makes me sick to think about it.
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HUFFPOST COMMUNITY MODERATOR
unity08
12:18 AM on 05/05/2009
If you read the article, it doesnt sound all that bad. It said about 10 banks need to boost their capital. Many if not all of the banks should be able to raise this on their own, or at least a large percentage of the required funds.
12:01 AM on 05/05/2009
NOT A G-D DIME TO THESE EFFERS!
12:01 AM on 05/05/2009
What's this! I thought everything was "ok" a week ago. My, my, what IS up with these tests?

Moving on, 10 of 19 banks in stress test needing additional funding = 10 of 19 banks that get to say, buh bye... don't let the - Gee, maybe we shouldn't've been dealing in questionable/highly risky practices - door hit you in the a.ss on the way out.
12:00 AM on 05/05/2009
No more money, if they do not want nationalized then they should fundraise their own capital! This banks will not lend out any money! I have friends that have small businesses and it is not doing well because the banks will not lend money!
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TJCole
11:58 PM on 05/04/2009
They say 10 of 19 but we also know these tests were rather on the suspicious side, so it's likely in reality probably closer to 15 of 19...

We're throwing good money after bad with these banks it's best to Nationalize all these major corrupted banks reorganize them and establish practices that are user friendly and act in the best interest of our nations greater good...
12:00 AM on 05/05/2009
Unfortunately, 15 of 19 sounds pretty likely.
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confuseddemocrat
11:47 PM on 05/04/2009
See, like I said before, this stress test thing is a run up to another soak the taxpayer scheme to rescue the unethical defunct banking system ....the same banks which are getting money from the FEDs at practically 0% interest and gouging credit card holders with 28-30% interest payments
11:55 PM on 05/04/2009
Sad but true.
11:47 PM on 05/04/2009
NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
11:46 PM on 05/04/2009
NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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11:04 PM on 05/04/2009
I guess I hit the trifecta! Funny that the Bank of America, Wells Fargo and Citibank are even as I write gouging me! I face new invented fees -- even an automated credit card payment is worth $14.95 to them, to cite one absurd example. Fifteen #%c!+ng dollars to pay your account on time! They don't want you to pay up on time because they miss out on the all the Dickensian fines they can put on you whilst ruining your credit score in the bargain.

Aren't we paying their salaries and keeping the ship afloat?

Get out your pitchforks, friends. We have met the enemy and it is them.
11:47 PM on 05/04/2009
I prefer maltov cocktails.
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Diogenis
12:09 AM on 05/05/2009
I've switched to Long Island Teas for the Summer.
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drkazmd65
Mom Taught me - Question Everything - Thanks Mom!
12:10 AM on 05/05/2009
I'm thinking more along the lines of the end of "Fight Club".
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max
10:50 PM on 05/04/2009
10 of 19 banks need to be nationalized....
10:52 PM on 05/04/2009
Second!
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TJCole
10:56 PM on 05/04/2009
3rd...
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11:23 PM on 05/04/2009
I wrote a very personal post about my problems with three of the institutions mentioned in this article and it has disappeared into cyberspace. Not even "pending". What's up with that?
11:31 PM on 05/04/2009
you wrote "pitchforks"

I think that it tagged you. lets see....you at the end of the tunnel.