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:
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.
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