A little that I know and or understand about the stress test is ...that it is extremely important for the banks to pass it in flying colors... :) Go green Banks.
If US has to lead the world out of this economic crisis the banks must show and provide a strong support and also implement new and strategic tools that will ease up the credit flow and consumer confidence once gain but with a positive/different perspective to the next generation's financial markets. I see a boom in Private Equity Options as well.
Earlier this year (1st Quarter) we have seen US Banks showing profits....Wells, JP and Citi were the top leaders...and Investment Advisory Firms.... Mr. Buffet also mentioned that US financial system is on the right track out of this crisis.
Banks have been trying to get rid of their bad debit out of the balance sheets and re-evaluate their investment strategies, infrastructure and focus on long term equity perspective. Ill say if the Banks keep things under control and keep monitoring their financial long term approach on the bases of Compassion, Equity and Justice...then yes we are and will lead the world once again in the new ear of Financial Stability.
I see a positive results on Thursday..but you never know....present administration is pretty tough to get away with...they might bring out something that needs a key attention and immediate fix in the banking system to get us out of this crisis......or may be I am just being.... :-)
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