Tuesday, April 21, 2009

AP Exclusive: Fed tests harder on regional banks

Update below.
From the AP via Yahoo:

AP Exclusive: 'Stress tests' focus on loans, not securities, will favor big banks

The government's "stress tests" of 19 large U.S. banks take a harsher view of loans than of other troubled assets, according to a Federal Reserve document obtained by The Associated Press. That approach favors a few Wall Street banks while potentially threatening major regional players....MORE
Update: Keycorp, Fifth Third, Regions, BB&T, Suntrust, Bank of New York Mellon, US Nancorp, PNC.
via Decline and Fall of Western Civilization

Most of the pitchfork manufacturers are smaller, privately held companies*. You run into the same problem with tree shredder manufacturers:

This is not your average rotary mulcher. Watch as the "SLASHBUSTER"® HD 480B brush cutters chew through 10-14 inch diameter trees with ease. No auxiliary engine is necessary. Horsepower-for-horsepower this is the highest performance tree shredder available....

*From "Goldman Sachs’s Tax Rate Drops to 1%, or $14 Million":
...Meanwhile I shall be doing due diligence on an implement with the light weight of the DuraFork but with the aperture making ability of steel tines.