US-Blog berichtet über Banken-Stresstest, US-Finanzministerium dementiert

20. April 2009 von Marc Schmidt | kein Kommentar

Der Bericht des kaum bekannten US-Blogs Turner Radio Network des US-Radiostars Hal Turner über die Ergebnisse der Banken-Stresstests sorgt zum Wochenauftakt für Turbulenzen. Demnach sollen 16 von 19 amerikanischen Top-Banken “technisch insolvent” sein. In der Folge sah sich das US-Finanzministerium genötigt, die Existenz der Daten zu dementieren. Auch andere Finanzblogger wie etwa egghat oder auch FT Alphaville zeigen sich vorsichtig skeptisch. Dennoch fallen die Kurse an der Wall Street deutlich.

Hier nun der exakte Wortlaut: LEAKED! Bank Stress Test Reults ! (Update 23:00 Uhr) Die fettgedruckten Sätze sind nachträglich auf der Website eingefügte Ergänzungen/Korrekturen)

1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. (Based upon the “alternative more adverse” scenario which had a 3.3 percent contraction of the U.S. Economy in 2009, accompanied by 8.9 percent unemployment, followed by 0.5 percent growth of the U.S. Economy but a 10.3 percent jobless in 2010.)

2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans. (Without further government injections of cash)

3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.

4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.

5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular – JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank – taking especially large risks.

6) Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital! (HSBC is NOT in the top 19 banks undergoing a stress test, but is mentioned in the report as an aside because of its risk capital exposure to derivatives)

7) Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts!