miercuri, 22 aprilie 2009

Linkurile ultimelor zile - despre banci

Si dupa aceasta pauza, revenim la survolarea stirilor economice inainte de a continua seria despre alternativele monetare. Aveti mai jos o lista ceva mai lunga decat de obicei cu noutatile din ultimele zile. Asa cum v-am obisnuit, cu lucrurile puse intr-o lumina cu totul diferita decat cea din presa oficiala.

Incepem cu articolul despre testul de stress al bancilor de care am mai discutat pe aici. Am zis de pe atunci ca lucrurile sunt cusute cu ata alba, iar mai nou lucrurile astea incep sa fie subliniate tot mai vehement si de altii:

Bank Stress Tests Now Officially a Garbage In, Garbage Out Exercise

The bank will run the tests themselves, using the same risk models that caused the mess. With only ten examiners on average per bank, and most of the banks having very diverse businesses (mortgages, complex structured credits, credit cards, consumer loans, commercial real estate, large corporate loans, small business lending, foreign operations, credit default swaps, other derivatives exposures, foreign lending and FX exposures), their ability to probe the results, from a skill and manpower basis, is dubious, particularly in the capital markets exposures

Mda, deci pe scurt bullshit. Vrajeala pe toata linia, de la tentativa de testare, pana la modul in care aceasta a fost realizata si pana la publicarea rezultatelor:

Bank Regulators Clash Over U.S. Stress-Tests Endgame

The U.S. Treasury and financial regulators are clashing with each other over how to disclose results from the stress tests of 19 U.S. banks, with some officials concerned at potential damage to weaker institutions.

Bank bailout plan's 'stress tests' already causing stress

"They've gotten themselves in a pickle on this thing," said Bert Ely, an independent banking analyst. "It's clear they didn't think through how this was going to play out."

Ba unii insista ca au pus mana pe rezultatele reale ale asa-zisului test. Ce vrea media oficiala sa ne intoxice despre starea nemaipomenit de buna a sistemului bancar si castigurile incredibile din ultimele luni stim deja. Asa ca rezultate transpirate sau compuse de cineva, cred ca informatiile din linkul de mai jos ofera o vedere mult mai apropiata de realitate decat cele oficiale: LEAKED! Bank Stress Test Results !

1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent.
2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans.
3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.

Evident, uitam mereu sa mentionam faptul ca bancile mai si dau faliment. Incredibil sau de neconceput pentru unii, dar adevarat. In ultimul an doar in US am avut mai mult de un faliment pe saptamana: Weekend #17, Bank Failure #25 Si cel mai mult mi-a placut comentariul de aici asupra acestui subiect:

Another weekend and another two banks!!

As I understand it the Federal Deposit Insurance Corporation (FDIC), when taking over a bank moves in with military precision, and uses a lot of resources. It appears to me that they only have enough resources to do two banks at a time, which begs the question If they had the resouces how many banks would now be closed?

Deocamdata inchei aici acest articol pentru ca devenea cam lung. Si continuam in partea a doua...

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