banks and in a credible position to threaten to further destroy the American economy, they will be in a position to get more bailouts and taxpayer-funded bonuses.

Now, the U.S. regulators who have been working with the banks for two years under a largely secret program want the banks to develop another plan. What if the banks prefer the plan that they already have?

Duh. The small banks have been taken over, and there is nothing too big to fail. The fact that they ask them to have a plan on hand, means that we actually have a govt that is proactive.

But the crazy people that listen to Glenn Beck will see this as proof that our economy is collapsing.

it's not. not even fucking close.

Fed orders stress tests for America's biggest banks

By Annalyn Censky @CNNMoney November 22, 2011

http://money.cnn.com/2011/11/22/news/economy/federal_reserve_stress_tests/index.htm

This week another story came up:

Size not the prize in bank stress testing, researchers say
UK FocusReuters -Thu, Aug 2, 2012

http://uk.finance.yahoo.com/news/size-not-prize-bank-stress-143925552.html

Just for grins I looked up this about the tests they are talking about:

Bank of America CEO On Recovery, Plans for Company 25 Jan 2012

http://www.cnbc.com/id/46132121/Bank_of_America_CEO_On_Recovery_Plans_for_Company

And the granddaddy of them all, which I do not claim to understand, and showed why some were squealing so loud:

Troubled Asset Relief Program

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

Interesting information, thank you!

PB

J P Morgan Chase learned the lesson the hard way when they lost $3-8 billion on a single transaction a couple of months back so the problem is real. And these investment banks cannot police themselves as the J P Morgan Chase transaction shows us. Then who regulates the regulators when the door revolves and the regulators are former bankers and the banks then welcome back the regulators.

plans for war with Andorra!

*snark*

Glenn Beck And The Doctrine Of Nazi Kittens

Posted by Mark on December 1, 2010

The Fox News Professor of Practical Dementia delivered a particularly thought provoking lecture today on his radio university. I dare you to make sense of it:

Glenn Beck: This is the oldest argument in the progressive movement. It is the argument between, not state capitalism, because this isn’t capitalism.

This is a new sort of capitalism. No it’s not! It is socialism. No, it’s state capitalism. No it’s not! Put the Thesaurus down. It is socialism, not capitalism.

And when you say “state” you mean “national.” National Socialism. That is what Mussolini and Hitler did. National Socialism. State Capitalism. They’ve changed the name.

Notice that Beck never actually tells us what the old progressive argument is. He just wonders off to build some sort of imaginary bridge between progressives and Nazis.

Let me take a stab at it. In this utterly incoherent rant, I think Beck is attempting to argue that the word “state” is synonymous with the word “national,” and the word “capitalism” is synonymous with the word “socialism.” Really? Don’t stop to think about it. Just keep listening.

Beck continues by saying that if you replace the word “state” in “State Capitalism” with the word “national,” and then replace the word “capitalism” with “socialism,” you have “National Socialism,” or, as they are better known, Nazis.

All of this is somehow associated with progressives who advocate neither State Capitalism nor National Socialism. Again, I implore you, don’t stop to think about it. Just accept that progressives are Nazis by virtue of Beck’s word replacement exercise.

Now try it yourself at home. Take any phrase, i.e. “Furry Kitten.” Now replace the word “furry” with “national,” and the word “kitten” with “socialism.” There you have it.

Unassailable evidence that furry kittens are Nazis.

http://www.newscorpse.com/ncWP/?p=3347