IMF Says U.S. Financial System May Need $76 Billion in Capital

[hilly7]

IMF Says U.S. Financial System May Need $76 Billion in Capital

July 30th, 2010

Your what hurts?

Via: Bloomberg:

The U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, according to the results of International Monetary Fund stress tests.

The findings, released today as part of a broader IMF report on the U.S. financial system, suggested that while the nation’s banking system is stable, it remains vulnerable. Home prices, commercial real estate loans and economic growth have the potential to cause shocks that could expose banks to more losses.

Under one scenario, small and regional banks as well as subsidiaries of foreign banks would need $40.5 billion in additional capital to meet a benchmark capital ratio of 6 percent Tier 1 common equity from 2010 to 2014. Under the adverse scenario, those needs rise to $76.3 billion, according to the report.

“Pockets of vulnerabilities linger,” the fund said in the report. The U.S. is recovering from what the IMF called “one of the most devastating financial crises in a century.”

http://cryptogon.com/?p=16733

[FastTadpole]

The FED is constricting capital for their child banks since before the first bailout and inflating the dollar for good and service on the lower levels. Of course usury in the form of interest, stock gaming, commodity manipulation and derivatives are a big part of it too. This is by design but I don't need to tell ya'll that.

Here are some numbers to back up my statement or at least this is what their books say so they can take more from the public (read the first part before the gold tangent):

Inflation or Deflation? Gold set to Decline?
http://concen.org/forum/showthread.php?tid=33668

[hilly7]

I read a while back that they want it down to only 9 banks, then later 3. They are going to gobble up the rest. I thought they would wait but apparently not.

Here is a good site to check all banks: http://bankimplode.com/

Since early 2007
336
banks have "imploded*"

Just have enough cash hidden away for at least 2 months for payments, utility bills, etc.