All 31 banks in annual stress test withstood a severe hypothetical downturn \ stacker news ~econ

All 31 banks in annual stress test withstood a severe hypothetical downturn www.cnbc.com/2024/06/26/fed-banks-stress-test-2024.html

682 sats \ 21 comments \ @siggy47 26 Jun econ

There you go. I don't know what everyone was worried about. It reminds me of the dumbing down of the SATs.

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65 sats \ 2 replies \ @IamSINGLE 27 Jun

All US banks are clear now for next 6 months ... after these 6 months? Will they do another assessment?

These aren't banks but kids who need to sit in regular tests!!

13 sats \ 1 reply \ @siggy47 OP 27 Jun

It's all for show. I'm sure no one at the banks give it a second thought.

54 sats \ 0 replies \ @IamSINGLE 27 Jun

You're right. No second thought at the banks. But I see they plan such things to regain people's faith. Now test results won't help. I mean nothing will help themmm..

104 sats \ 1 reply \ @Undisciplined 26 Jun

Did the hypothetical downturn include their inevitable bailouts?

92 sats \ 0 replies \ @siggy47 OP 26 Jun

Probably. This is such a ridiculous waste of time and money. Imagine if they all failed, or if even one institution failed? Market chaos.

75 sats \ 0 replies \ @riberet19 26 Jun

When the river sounds... It is because it carries water, if they are saying that the big banks would withstand a hypothetical recession, it is because they are seeing it on the horizon.

54 sats \ 0 replies \ @Coinsreporter 27 Jun

Wow! The results are as expected! All passed!

54 sats \ 0 replies \ @ways_wilderness 27 Jun

The big debate late in the middle ages was how many angels that could fit on the head of a pin.

I bet they too had ways of checking that those were all fully qualified, genuine angels ;-)

54 sats \ 2 replies \ @Satosora 27 Jun

How would they pass? Just by printing more money?

20 sats \ 1 reply \ @siggy47 OP 27 Jun

It's all a fantasy.

54 sats \ 0 replies \ @Satosora 27 Jun

I know for a fact if there is a bank run, they wont survive. They will close their doors.

54 sats \ 1 reply \ @SatsMate 27 Jun

phew, glad I can hear it directly from the states propaganda mouthpiece - CNBC

21 sats \ 0 replies \ @cascdr 27 Jun

My reaction when

54 sats \ 2 replies \ @Bell_curve 27 Jun

Regarding the dumbing down of SAT, scores for black and brown students didn’t increase. Shocking result

20 sats \ 1 reply \ @siggy47 OP 27 Jun

Just to be clear. I wasn't talking about race. The test has simply gotten easier and easier over the past 50 years.

54 sats \ 0 replies \ @Satosora 27 Jun

Not only easier, it isnt even needed. Its only needed for the nobodies. All it takes is a little bribe and you can get into whichever school you like.

54 sats \ 0 replies \ @KeynesianClowns 27 Jun

All of the numbers used in this hypothetical analysis are pointless. The unemployment rate is a flawed statistic omitting those "not looking for a job" and real estate is in a worse bubble than it was in the lead-up to the 2008 financial crisis. The talking heads all said that things were fine then as well, and we all know how that turned out.

You can also be sure that in the event that "five large hedge funds implode, and the banks stand to lose $70-85 Billion", the government will be more than willing to provide them bailout money.