Today the Congressional oversight panel questions the US Treasury on the status of TARP and the latest US banking data. Chair Elizabeth Warren notes several areas of serious concern in this Bloomberg interview: 101 Banks have so far missed their TARP repayment instalments. 3000 of 8000 US banks have significant exposure to the now imploding commercial realty market. 6 out of 19 stress-tested banks have commercial realty exposure which exceeds their Tier one capital.
Warren: “the problems are getting worse.” Watch the clip here.
Here was Geithner giving the Treasury's prepared statement today to kick off the hearing.
Follow
____________________________
Cory’s Chart Corner
Load More
Maybe it is different, but the decline in breadth is playing out as it did during the Tech-wreck why, because humans are involved. Same ol'e crazy!
h/t @MauiBoyMacro
“.. equity market breadth has narrowed in recent weeks to one of its lowest levels on record. The S&P 500 has rallied by 14% from its low in late March and now trades at a new record high. However, the median S&P 500 constituent remains 13% below its respective high.” 👇🏼
-
