Sunday, April 26, 2009

Bill Black on the stress tests

Hello Everyone

I found this great Bloomberg interview of Bill Black who is a former banking and fraud regulator.
Bill calls the stress tests a sham because they don't test for asset quality and banking losses. He also estimates the banks are sitting on about $2 trillion in losses and calls Geithner a complete failure.

This is s great video. Please take a look:

Swine Flu

Keep an eye on this story folks. The last thing we need right now is a flu pandemic! The swine flu seems to be a serious threat. There are now 20 confirmed cases in the US and the flu is responsible for a suspected 81 deaths in Mexico.

1 comment:

Jeff said...

Hold on tight tomorrow folks.

Futures are down BIG.

Trying to figure out why. Swine flu?

I will put something up if I hear anything.