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Reload this Page Citigroup fails stress test
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Dr Dance
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1 - 03-14-2012, 08:15 AM
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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
 
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TeckMan
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2 - 03-14-2012, 08:20 AM
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if anyone wants to read about this from a not retard
Stress Tests Show How Fed Pushed Banks to Bolster Balance Sheets - Bloomberg
 
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VonTed
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3 - 03-14-2012, 08:22 AM
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If we get to the point of the test.... we've all failed.
 
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TeckMan
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4 - 03-14-2012, 08:23 AM
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on the next episode of retards on finance
 
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NoGodForMe
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5 - 03-14-2012, 08:25 AM
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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.
 
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TeckMan
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6 - 03-14-2012, 08:29 AM
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Automatic Jack
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7 - 03-14-2012, 08:32 AM
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Quote:
Originally Posted by Zopharoth View Post
2. Pull out while you still can.
3. That's what she said.
 
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BEAST420
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8 - 03-14-2012, 08:32 AM
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Credit Onions are the only way to survive!
 
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Zanthious
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9 - 03-14-2012, 08:32 AM
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Im starting to Realize that alot of you don't understand what an economy is. Or how it works in general.
 
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VonTed
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10 - 03-14-2012, 08:34 AM
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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.
 
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Automatic Jack
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11 - 03-14-2012, 08:35 AM
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Quote:
Originally Posted by Zanthious View Post
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!
 
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Dr Dance
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12 - 03-14-2012, 08:35 AM
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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.
 
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Automatic Jack
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13 - 03-14-2012, 08:37 AM
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Quote:
Originally Posted by Zopharoth View Post
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.
 
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Dr Dance
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14 - 03-14-2012, 09:02 AM
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Quote:
Originally Posted by Automatic Jack View Post


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.
 
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Automatic Jack
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15 - 03-14-2012, 09:04 AM
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Quote:
Originally Posted by Zopharoth View Post
Ironically Bank of America passed the stress test. But yea they suck too.
Fees ++
 
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Fuzzy
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16 - 03-14-2012, 09:13 AM
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Got Haggis?
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17 - 03-14-2012, 09:16 AM
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Quote:
Originally Posted by BEAST420 View Post
Credit Onions
 
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Dr Dance
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18 - 03-14-2012, 09:30 AM
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Quote:
Originally Posted by TeckMan View Post
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.
 
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Stealth
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19 - 03-14-2012, 11:57 AM
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So do these "stress tests" have any significant meaning? Or is it just a tool to keep us sheep happy?
 
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Dr Dance
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20 - 03-14-2012, 02:40 PM
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It's merely a shoot from the hip way to measure a bank's financial stability.
 
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