Honestly, these stress tests were nothing short of a joke. Many banks failed, thus needed even more capital injected into the banking system. This on top of the original 800 Billion to meet reserve requirements! Do you know what that means? The 800 billion previously injected, may not be enough to cover reserve requirements after loan defaults.
Various Asset Protection Strategies with a directed focus on Precious metals, Energy and Agriculture. Three Model Portfolios and valuation models can be found on the upper left hand side.
May 7, 2009
Mickey Mouse Bank Stress Tests
Honestly, these stress tests were nothing short of a joke. Many banks failed, thus needed even more capital injected into the banking system. This on top of the original 800 Billion to meet reserve requirements! Do you know what that means? The 800 billion previously injected, may not be enough to cover reserve requirements after loan defaults.
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