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Keyword: stresstest

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  • Stress test may have contributed to collapse of FIU pedestrian bridge

    03/16/2018 3:59:12 AM PDT · by csvset · 106 replies
    Miami Herald ^ | 15 March 2018 | By Jenny Staletovich, Rene Rodriguez And Joey Flechas
    Aerial footage shows the aftermath of the FIU pedestrian bridge collapsing on Southwest Eighth Street in Miami on March 15, 2018. Pedro Portal Miami Herald In the hours after a 950-ton pedestrian bridge over Tamiami Trail collapsed Thursday afternoon, killing at least four people, civil engineers began to speculate about potential causes. Was it a design error? Did something go wrong during construction? The answer may be buried deep in the calculations made by workers who were conducting a stress test on the unfinished and vulnerable bridge. Any such test, experts told the Miami Herald, requires extreme care and precision...
  • Florida International University Bridge Collapses, Cars Underneath

    03/15/2018 11:32:16 AM PDT · by Red Badger · 571 replies
    miami.cbslocal.com ^ | 03/15/2018 | Staff
    MIAMI (CBSMiami) — Florida International University’s massive new pedestrian bridge collapsed Thursday afternoon in West Miami-Dade. The bridge, located at 109th Ave and 8th Street, collapsed on a number of cars. There are reports of numerous people injured in the collapse. At least one person was taken as a trauma alert to the hospital, according to Miami-Dade Fire Rescue. The 950-ton bridge went up on Saturday. It was then lowered into its final position, just west of 109th Avenue that day. The main span was built next to Southwest 8th Street.
  • Vanity: Schedule yourself for a stress test

    07/15/2017 9:43:46 AM PDT · by JimRed · 33 replies
    Self | 07/15/2017 | JimRed
    I recommend that all FReepers who have not had a recent stress test have one performed. I survived a heart attack in 2011 and have had twice-a-year follow up visits with my cardiologist. In May he scheduled me for a stress test as it had been years since I had one. He found anomalies in the display (lower blood supply to the heart muscle under stress than while at rest) and recommended a cardiac catheterization procedure. They found a new blockage and the old stent was blocked. They did the required repairs and I feel fine. God has been better...
  • No clean bill of health for EU banks in stress test

    07/30/2016 10:54:11 AM PDT · by Olog-hai · 8 replies
    Reuters ^ | Fri Jul 29, 2016 6:03pm EDT | Huw Jones and Andrew MacAskill
    Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region’s banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc’s economy. Eight years since the collapse of Lehman Brothers sparked a global banking meltdown, many of Europe’s banks are still saddled with billions of euros in poorly performing loans, crimping their ability to lend and putting off investors. “While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority — that Europe’s banks are...
  • Nation's largest banks all pass Fed's 'stress tests'

    06/23/2016 10:48:30 PM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Jun 23, 2016 5:36 PM EDT | Ken Sweet
    The largest U.S. financial institutions have enough armor to withstand the turmoil of a major and prolonged national and global recession, the Federal Reserve said Thursday. The central bank’s annual “stress tests” show that the 33 largest financial institutions — including JPMorgan Chase, Citigroup, Bank of America and Wells Fargo — all hold more capital than at any time since the 2008 financial crisis. They also hold enough capital that, even if faced with billions of dollars in losses from loans as a result of an economic crisis, they would continue to function. The stress tests were created in the...
  • Would like freeper help

    06/29/2004 9:02:48 PM PDT · by al baby · 331 replies · 25,127+ views
    Today | Al Baby
    Can any Freeper shed some light on this A Buddy of mine was down in T. J. this weekend, That being tiajunna Mexico Upon his return as he was going though customes he showed his I.D. and that of his wife that was with him The customes Agent looked at a beeber like device. And asked which one of them had a stress test "He had one the week before He was stuned and asked how the agent knew and the agent said its best you dont know and he let them cross no big deal
  • Four large US banks fail stress tests

    03/14/2012 6:47:45 AM PDT · by SeekAndFind · 9 replies
    Yahoo News ^ | 03/14/2012 | Paul Handley
    Citigroup was one of four large US banks that flunked stress tests aimed at seeing how they would hold up in a new economic crisis, Federal Reserve data showed Tuesday. Three others -- Ally, Suntrust and MetLife -- also failed the tests, while 15 other large bank holding companies passed the exercise, the Fed said. As a group, though, the 19 came through strongly, said the Fed, thanks to pressure for them to boost capital over the past three years as the financial sector digs its way out of the deep 2008-2009 recession. "In fact, despite the significant projected capital...
  • Fed orders new 'stress tests' for banks

    11/17/2010 2:33:49 PM PST · by TigerLikesRooster · 10 replies
    AAP ^ | 11/18/10
    Fed orders new 'stress tests' for banks On Thursday 18 November 2010, 7:15 EST The largest US banks must undergo new stress tests to show they can weather another recession, and the Federal Reserve said those that pass them can boost dividends paid to investors. Banks would need to show the Fed's bank examiners that they're in good financial health and that they have adequate capital to absorb potential losses over the next two years. The Fed oversees Wall Street's biggest banks, including Citigroup, Bank of America, JPMorgan Chase & Co, and Wells Fargo. Banks have to file plans to...
  • Obama reportedly calls for tougher Europe stress tests (pot calling kettle...)

    06/09/2009 10:08:06 AM PDT · by TigerLikesRooster · 7 replies · 386+ views
    Market Watch ^ | 06/09/09
    Obama reportedly calls for tougher Europe stress tests By MarketWatch LONDON (MarketWatch) -- The Obama administration wants Europe to conduct tougher stress tests of its banks after conducting similar tests on U.S. institutions, according to a published report on Tuesday. Citing an unnamed French official, The Wall Street Journal reported that Treasury Secretary Timothy Geithner will likely discuss the issue in Italy later this week when finance ministers from the Group of Eight meet. The call comes just days after Germany's WestLB was reported to be on the verge of closing its doors until a new rescue package was put...
  • Boeing 777 Wing load test [video]

    06/05/2009 6:46:09 AM PDT · by libh8er · 7 replies · 985+ views
    YouTube ^ | 2.21.09
    Testing the limit at which a Boeing 777's wings break from stress caused by turbulence or other factors. (Boeing factory, Everett, WA. Jan 14th, 1995 )
  • New Bank Offerings are a Crapshoot - Buyer Beware

    05/08/2009 9:23:14 AM PDT · by publius321 · 4 replies · 308+ views
    The banks are issuing secondary offers as high as $34 BILLION in the case of Bank of America. Investors who are willing to throw additional billions to these banks in new offerings like this one are basically engaging in a “crapshoot”. I say that because the Obama Administration is making up the rules as they go. Think about it. Nobody told the banks when they took the TARP that they might not be allowed to pay it back. Nobody told them BEFORE they took the money that if they did take it, their salaries would be capped at $500,000. Nobody...
  • Stress test shows bank credit losses could be $600 billion

    05/07/2009 11:24:35 PM PDT · by TigerLikesRooster · 12 replies · 970+ views
    Market Watch ^ | 05/07/09 | Ronald D. Orol
    Stress test shows bank credit losses could be $600 billion Ten of 19 institutions must raise $74.6 billion in private capital by November By Ronald D. Orol, MarketWatch Last update: 7:49 p.m. EDT May 7, 2009 Comments: 942 WASHINGTON (MarketWatch) -- Federal regulators released the long-anticipated, controversial stress tests on the health of the 19 largest financial institutions on Thursday, showing that the banking sector is secure, but under a pessimistic forecast, banks' credit losses over the next two years could be $600 billion.
  • Why We Are Absolutely Screwed

    05/07/2009 6:27:50 AM PDT · by FromLori · 20 replies · 1,426+ views
    THE MARKET TICKER ^ | KARL DENNINGER
    The bulls rejoiced that the "Stress Tests" didn't pronounce a bunch of banks dead, never mind that we knew that wouldn't happen anyway (can you imagine the panic if even one bank was pronounced insolvent?) But government hasn't stopped lying. Not for a second. Indeed, they're lying even more than usual these days, with the following ditty being particularly interesting: The bill also makes changes to the FDIC’s insurance program requested by Chairwoman Sheila Bair, including expanding the agency’s borrowing authority from the Treasury to as much as $500 billion through 2010. The FDIC’s federal credit line was permanently increased...
  • Results of 'stress tests' of 19 financial firms

    05/07/2009 2:17:02 PM PDT · by AH_LiveRight · 15 replies · 1,172+ views
    Here are the results of the government's stress tests of financial companies with at least $100 billion in assets released Thursday: Of the 19 companies tested to see how they could handle a worsening economy, 10 were found to need more capital:
  • Bank Stress Tests: 'This Whole Process Has Been a Fiasco'

    05/06/2009 1:28:31 PM PDT · by Kartographer · 6 replies · 439+ views
    CNBC ^ | 5/6/09 | Albert Bozzo
    “This whole process has been a fiasco,” says banking analyst Bert Ely. "There are strongly different opinions on the conditions of these banks. This has aggravated it without necessarily settling anything. The majority of the sentiment in the market is that the stress tests results [will be] too optimistic."
  • Geithner's New Bank Fix Is Bogus, Too

    05/03/2009 10:42:26 PM PDT · by FromLori · 2 replies · 384+ views
    Tim Geithner has a clever new way to "recapitalize" banks that fail the stress test: Convert the taxpayer's preferred stock to common stock. From Geithner's perspective, this technique has several advantages: The banks will suddenly seem healthy, because their assets-to-common equity ratios will rise. Geithner doesn't have to ask Congress for more baillout money yet. Taxpayers won't understand that they're giving up a nice dividend and a safer security just to make the banks look better. If Geithner is right that what's wrong with the banks is just a temporary liquidity problem, the taxpayer should do well when the stocks...
  • Stress test paper shows fed prefers "wtf" accounting rules, dropping lsd

    04/24/2009 5:23:32 PM PDT · by Grim · 10 replies · 887+ views
    Jr. Deputy Accountant ^ | 4/24/09 | Adrienne Gonzalez
    Grab yourself a bowl, kids! WTF! The Federal Reserve Board of Governors, as promised, has released a white paper enlightening the common peasants to the Fed methodology of stress tests - thank goodness because otherwise the idiots down here at Ground Zero might have no idea what the hell is going on and God forbid the Fed allow that to happen! Skeeze on over to the Board's website and take a look for yourself if you have no life, actually believe what these bastards have to say, or find yourself laid off with too much time on your hands and...
  • Fed Offers to Save Banks That Fail Stress Tests

    04/24/2009 12:55:27 PM PDT · by Zakeet · 10 replies · 452+ views
    Fox News ^ | April 24, 2009
    The Fed says the 19 companies that hold one-half of the loans in the U.S. banking system won't be allowed to fail -- even if they fared poorly on the stress tests. The Federal Reserve says the government is prepared to rescue any of the banks that underwent "stress tests" and were deemed vulnerable if the recession worsened sharply. The Fed says the 19 companies that hold one-half of the loans in the U.S. banking system won't be allowed to fail -- even if they fared poorly on the stress tests. The tests are intended to measure whether banks have...
  • U.S. officials on bank "stress test" tightrope

    04/23/2009 6:27:27 PM PDT · by TigerLikesRooster · 5 replies · 440+ views
    Reuters ^ | 04/23/09
    U.S. officials on bank "stress test" tightrope Thu Apr 23, 2009 6:01pm EDT By Mark Felsenthal and David Lawder - Analysis WASHINGTON (Reuters) - U.S. officials testing the health of the nation's top banks must walk a tightrope when they disclose the exams' results: The scrutiny must be tough enough to be credible, but not so harsh as to rattle an already shaken system. "The challenging thing here is presumably they're going to be talking about some information that is not going to be at all flattering for some institutions," said Kevin Petrasic, a banking lawyer at Paul, Hastings, Janofsky...
  • Blog Post on Bank Stress Tests Adds to Worries (Hal Turner caused stock plunge?)

    04/20/2009 10:57:01 PM PDT · by TigerLikesRooster · 12 replies · 685+ views
    NYT DealBook ^ | 04/20/09
    Blog Post on Bank Stress Tests Adds to Worries Did a dire posting on an obscure blog about the Treasury’s bank stress tests contribute to Wall Street’s sell-off of financial stocks on Monday? Hal Turner, a blogger as well as a former controversial conservative radio host, wrote on his Turner Radio Network Blog on Sunday night that he had obtained the results of the stress tests, which are set to be announced in the coming weeks, and he asserted that the results were troubling. A Treasury Department spokesman, Andrew Williams, told CNBC on Monday that there was “no basis” for...