Stress test day arrives at last

By David Ellis, CNNMoney.com staff writer
Last Updated: May 7, 2009: 1:01 PM ET

NEW YORK (CNNMoney.com) -- At long last, investors will get some much-needed answers about whether the nation's biggest banks need more capital -- and how much.

For weeks, Wall Street has been waiting with bated breath on the outcome of the so-called "stress tests" regulators have been conducting on the nation's 19 largest banks, institutions with more than $100 billion in assets as of the end of last year.

But the results, which are due out after Thursday's market close, may not offer any stunning revelations.

In recent days, there has been a flurry of leaks regarding the results of the tests.

A person with knowledge of stress test results told CNN Thursday that Bank of America (BAC, Fortune 500), Citigroup (C, Fortune 500), Wells Fargo (WFC, Fortune 500) and GMAC will need to raise capital.

more: http://money.cnn.com/2009/05/06/news/companies/stress_tests_results/index.htm?postversion=2009050713

Where do they think the banksters will get the money? From the real economy of course! They'll take it from our treasury, from working people through interest rates raised on PREVIOUS debt. That's not right.

Economic justice demands severe consequences for all of those who enabled the banksters' crimes against We the People. Die Bankster DIE!

China.

Last night, I think I saw a couple of Banksters cramming for this test! They were burning the midnight martinis!

:party:

:toast:

Giving banks federal money is just plain robbery. It was only twenty years ago when banks gave us over 8% interest on our savings. I have had grandparents who were able to live off of their bank interests and Social Security. Sure interest rates were high, but that only made people save up for their purchases and pay in cash.