Bailout for Breakfast: More Stress
The stress test rumor mill continues to heat up. "At least" six of the 19 banks have been told they need more of a capital buffer, Bloomberg reports. Meanwhile, according to the Financial Times, Citigroup has been scrambling to raise the additional capital it has been told it needs, so that it won't have to take even more bailout cash. And the behind-the-scenes haggling between regulators and the banks about the results of the stress tests has led the government to push back the public release of those results from Monday, May 4, to possibly as late as Wednesday of next week.
Other links:
- Citi Seeks Approval to Pay Out Bonuses (WSJ)
- Feeling Secure, Some Banks Want to Be Left Alone (NYT)
- Federal Ownership of Banks May Raise Conflict (Politico)
- After Months on Hot Seat, Bailout Director Nears Exit (WaPo)
- Obama’s Stand in Auto Crisis Shows Early Resolve (NYT)
- Chrysler's Fate Still Shaky Despite Deals (WaPo)
This article is part of an ongoing investigation:
As big banks return their TARP money, Fannie Mae and Freddie Mac continue to be a drain.
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