capital

In case you missed it, this is Tim Geithner talking stress tests this past Wednesday on Charlie Rose.

Bloomberg has the goods on Fannie and they’re not good. Fannie’s regulator wants $19 billion from the U.S. government because the firm has negative capital. Fannie Mae had $23.2 billion in losses last quarter alone. And it says losses in…

In the CNBC video below, Ken Lewis defends his company’s performance on the stress test and answers some pointed questions in the John Thain – Ben Bernanke – Ken Lewis – Hank Paulson he said she said match.  He also details how Bank of…

UPDATE: These are the actual results: Ten of the 19 largest U.S. financial institutions will be required to raise a combined $75 billion in capital, as the U.S. government for the first time divided healthy banks from those which may…

With the stress test results coming out, it is a wonderful thing for Citigroup that it has been able to sell its Japanese brokerage unit to Sumitomo Mitsui, and at a good price of $7.8 billion. Here's an excerpt of the FT story:…

This comes via 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. While some of the lenders may need extra…

The leaks about who failed the stress tests are already starting.  Who got a big fat 'F'?  Apparently, Citi and BofA for starters.  But is that any surprise? Regulators have told Bank of America Corp. and Citigroup Inc. that the banks may…

The Bloomberg video below makes it seem that Whitney believes the stress tests are a sham. She says the tests are a theoretical exercise whereby banks ask: "what will our earnings power be in two years after we sell off these 'toxic'…

John Hussman has a nice piece out named "Green Shoots over Thin Ice. (hat tip Scott)" Below is the core of his argument regarding the recent rally in stocks and the free gift to bondholders. I have bolded parts of the original to add…

We should consider Spain one of the four original bubble markets where residential property markets soared to ridiculous levels during the housing bubble.  The bubble has now popped and those countries, the U.K., the U.S., Ireland and…