Monday, May 11, 2009

Is the "stress" over for Uncle Vik?

Not by a long shot if you go by the Fed's numbers. According to those in the know and this WSJ article, the original number in terms of additional capital required to pass the stress test for Citi was around 35 billion. Executives persuaded Mommy into including the future capital-boosting impacts of pending transactions. Let's hope said transactions are not the financial equivalent of vaporware.

No comments: