When 'they' are heavily short and the market goes against them by ignoring their cronies 'double dip' end of the world predictions, they getthe analyst to write doomsday articles. I am glad Obama ia getting tough with them, so much so the JP Morgan and Goldman Sachs proprietary trading arms also tapau.
"Wall Street Journal analysis revealed that Europe's recent stress tests of the strength of major banks understated some lenders' holdings of potentially risky government debt.
The analysis found that an examination of the banks' disclosures indicated that some banks did not provide as comprehensive a picture of their government-debt holdings as regulators claimed. In addition, it said, some banks excluded certain bonds, and many reduced the sums to account for "short" positions they held. It said that neither regulators nor most banks disclosed these facts when the test results were published in late July. "
Labels: fkli, index futures
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