Citigroup was one of four large US banks that flunked stress tests aimed at seeing how they would hold up in a new economic crisis, Federal Reserve data showed Tuesday.
Three others -- Ally, Suntrust and MetLife -- also failed the tests, while 15 other large bank holding companies passed the exercise, the Fed said.
So what's so funny? The other 15 are in great shape. Only 4 still have some work to do. Yet somehow, in that peabrain of yours, that is an indication the economy isn't doing better?
Hey nipplehead! 25% you douchenozzle.
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“No man’s life, liberty, or property are safe while the Legislature is in session.â€
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Citigroup was one of four large US banks that flunked stress tests aimed at seeing how they would hold up in a new economic crisis, Federal Reserve data showed Tuesday.
Three others -- Ally, Suntrust and MetLife -- also failed the tests, while 15 other large bank holding companies passed the exercise, the Fed said.
So what's so funny? The other 15 are in great shape. Only 4 still have some work to do. Yet somehow, in that peabrain of yours, that is an indication the economy isn't doing better?
Hey nipplehead! 25% you douchenozzle.
4 of 19 is roughly 21%, not 25%. Additionally, your moronic point is moronic. It doesn't mean the economy isn't getting better. It ONLY means 4 more banks need some work.
JFC, you are dumb.
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"Do what you can, where you are, with what you have." - Teddy Roosevelt
Know god, know sin. No god, no sin.
Dogs are animals.
Citigroup was one of four large US banks that flunked stress tests aimed at seeing how they would hold up in a new economic crisis, Federal Reserve data showed Tuesday.
Three others -- Ally, Suntrust and MetLife -- also failed the tests, while 15 other large bank holding companies passed the exercise, the Fed said.
So what's so funny? The other 15 are in great shape. Only 4 still have some work to do. Yet somehow, in that peabrain of yours, that is an indication the economy isn't doing better?
Hey nipplehead! 25% you douchenozzle.
NIPPLEHEAD MONKEYNUTS!!!!!!!
4 of 19 is roughly 21%, not 25%. Additionally, your moronic point is moronic. It doesn't mean the economy isn't getting better. It ONLY means 4 more banks need some work.
JFC, you are dumb.
-----signature-----
“No man’s life, liberty, or property are safe while the Legislature is in session.â€
"Life's tough. It's tougher if you're stupid." -- John Wayne
“If there must be trouble, let it be in my day, that my child may have peace†- Thomas Paine
Date Posted:1/1/00 12:00amSubject:
Consumer spending up, 401ks up, employment recovering, Fed outlook good, banks rated stable.
Aerlinthian posted:
theredkay1 posted: the labor participation rate has been falling for decades.
Or maybe it is a sign that the government is fudging numbers, and that a lot of jobs have gone underground to illegal alien invaders.
theredkay1 posted: This is a sign of wealth.
What? The wealth gap has suddenly disappeared? ...
We are richer and take some of those gains as increased leisure.
If I am 20% more effective, maybe I take 10% more time off and still produce 8% more. This is what rich countries tend to do as they get richer.
the government is fudging the labor force participation numbers? As part of a massive conspiracy to trick people in 2012 about the unemployment rate? That doesnt seem likely but I dont have my tinfoil hat on.
Date Posted:1/1/00 12:00amSubject:
Consumer spending up, 401ks up, employment recovering, Fed outlook good, banks rated stable.
cabbyman posted: I got nuthin'. My bad.
-----signature-----
"Do what you can, where you are, with what you have." - Teddy Roosevelt
Know god, know sin. No god, no sin.
Dogs are animals.
GrilledCheez Title: The Lord's Balls Posts: 1,060 Registered: 2006-3-22 11:06:32
Date Posted:1/1/00 12:00amSubject:
Consumer spending up, 401ks up, employment recovering, Fed outlook good, banks rated stable.
unemployment steady wages stagnant. It would be less sad to me if AT wasn't one fo the guys poopooing any positive financial news under bush because of unemployment and wages(which i agree with BTW.)
AT, which positive play do you think Obama made that fundamentally changed our financial system or competitiveness?
Date Posted:1/1/00 12:00amSubject:
Consumer spending up, 401ks up, employment recovering, Fed outlook good, banks rated stable.
theredkay1 posted:
Aerlinthian posted:
theredkay1 posted: the labor participation rate has been falling for decades.
Or maybe it is a sign that the government is fudging numbers, and that a lot of jobs have gone underground to illegal alien invaders.
theredkay1 posted: This is a sign of wealth.
What? The wealth gap has suddenly disappeared? ...
We are richer and take some of those gains as increased leisure.
If I am 20% more effective, maybe I take 10% more time off and still produce 8% more. This is what rich countries tend to do as they get richer.
the government is fudging the labor force participation numbers? As part of a massive conspiracy to trick people in 2012 about the unemployment rate? That doesnt seem likely but I dont have my tinfoil hat on.
You know, it's one of those things...some people think that members of the government might lie. Of course we've NEVER seen an example of this. I mean, it's like if they wanted to win elections and stuff some people claim they would lie.
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My folks went on vacation and all I got was this lousy sig.
the_great_ontex Title: This is what cool looks like Posts: 791 Registered: 2012-2-13 18:38:12
Date Posted:1/1/00 12:00amSubject:
Consumer spending up, 401ks up, employment recovering, Fed outlook good, banks rated stable.
SoBaKi posted:
the_great_ontex posted: I wish my 401k was up I also have a traditional IRA and a Roth IRA both still in the negatives from last quarter
Saving is key! Early retirement is awesome!
In other words, you haven't been actively watching your 401k. YTD return for DJIA is 8.16%.
Hell, even the 5yr return is 7.61%.
For the first year it wasn't supposed to be positives I've been told I am hoping next year it will
Long term I am hoping for at least 7-8% from my 401k and 9% from my roth ira
Date Posted:1/1/00 12:00amSubject:
Consumer spending up, 401ks up, employment recovering, Fed outlook good, banks rated stable.
Trying to convince everyone how great the economy doing is like telling someone who survived a heart attack that their they are being released from intensive care and that their status has been upgraded from critical to serious.
Things are definitely improving, but we have a very very long way to go and even the slightest headwind will be enough to push us back down.
For the majority of Americans, the recession hasn't ended. Unemployment is going to be 7-8%+ for the foreseeable future and we have budget deficits of $1T/yr for the next decade.
I also have a traditional IRA and a Roth IRA both still in the negatives from last quarter
