CLIFFS:

1. Citibank and three others lack cash and may fail during next economic crisis.
2. Pull out while you still can.

http://www.huffingtonpost.com/2012/0...ncid=webmail11

if anyone wants to read about this from a not retard
Stress Tests Show How Fed Pushed Banks to Bolster Balance Sheets - Bloomberg

If we get to the point of the test.... we've all failed.

on the next episode of retards on finance

Let them fail, it's what they should of done 3 years ago. I had accounts at Citi Bank when they did the credit card thing, but closed them because I didn't like their web site. Survival of the fittest.

Originally Posted by Zopharoth

2. Pull out while you still can.

3. That's what she said.

Credit Onions are the only way to survive!

Im starting to Realize that alot of you don't understand what an economy is. Or how it works in general.

he central bank's test subjected the banks to another theoretical crash of the economy to see how they would hold up: a US recession marked by a 50 percent drop in stock prices, a 21 percent fall in housing prices, and joblessness soaring to 13 percent, all the while being buffeted by an even worse recession in Europe.

Originally Posted by Zanthious

Im starting to Realize that alot of you don't understand what an economy is. Or how it works in general.

Economics: Mitt Romney isn't paying enough taxes, so I have to get a ****ing job!

Citibank won't even pay dividends for their checking accounts. And here I just paid them $51 for a year's worth of checks. I may switch to Bank of America anyway.

Originally Posted by Zopharoth

Citibank won't even pay dividends for their checking accounts. And here I just paid them $51 for a year's worth of checks. I may switch to Bank of America anyway.

If there's a difference, it's that B of A is worse. Go local.

Originally Posted by Automatic Jack

If there's a difference, it's that B of A is worse. Go local.

Ironically Bank of America passed the stress test. But yea they suck too.

Originally Posted by Zopharoth

Ironically Bank of America passed the stress test. But yea they suck too.

Fees ++

Originally Posted by BEAST420

Credit Onions

Originally Posted by TeckMan

if anyone wants to read about this from a not retard
Stress Tests Show How Fed Pushed Banks to Bolster Balance Sheets - Bloomberg

I prefer the retard report because the reporters type like eighth graders.

So do these "stress tests" have any significant meaning? Or is it just a tool to keep us sheep happy?

It's merely a shoot from the hip way to measure a bank's financial stability.