Influential German Rag Reports: IMF to AUDIT US Banking System - Oh Shit!

DriftingByTheStormDriftingByTheStorm Posts: 8,684
edited June 2008 in A Moving Train
report here, with commentary.
;)
"As part of the assessment," Der Spiegel said, "the Fed, the Securities and Exchange Commission, the major investment banks, mortgage banks and hedge funds will be asked to hand over confidential documents to the IMF team. They will be required to answer the questions they are asked during interviews. Their databases will be subjected to so-called stress tests — worst-case scenarios designed to simulate the broader effects of failures of other major financial institutions or a continuing decline of the dollar."

Watch out guys.
You can run from the lie,
but you can't hide.

I know everyone thinks its all bullshit,
but big trouble is a fuckin' brewing.

Financial Sector Assessment Program,
yippee!

:D:D:D
If I was to smile and I held out my hand
If I opened it now would you not understand?
Post edited by Unknown User on

Comments

  • spiral outspiral out Posts: 1,052
    Is it bad of me to say bring it on, something needs to change.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
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