Stress Test Fallout: Every Bank But One Has Met Capital Requirements

Always knew it was really a mistake to give money to GM, didn't think it was ever going to get paid back. I'm partial, though. I'm from Long Island, and I never forgave them for selling hybrid train cars to the Long Island Rail Road which turned out to be lemons. So I never saw them as an entity that had any sense of honor.

I am under stress. Can I get some TARP money too?
I promise to pay the 5% (like Goldman) and repay in 1 year or less. I can put some real estate liens I own as collateral. Fed, are you listening? And mine are first priority liens at LTV of 2 to 5%, not the 85% to 125% LTV loans the banks put up with the Fed. Anyone? I can even pay 10%... Hello?

This is no mystery how they were able to raise all this billions. You and I were the unwilling suckers to this scheme and scam. They simply raised credit card interest rates higher than loansharks, added new and creative fees like charging you for not using your credit card, higher banking and ATM fees, fees on top of fees for incurring a fee. These guys all know the deal here, we got jerked around giving them billions so they can make more money, not lending any like they "promised". All these banks should fail, they are nothing but damn crooks. Imagine, we give them our money in deposits and other investments, they charge us fees for our own money, then act like they are doing this out of their own good heart. They are a glorified Ponzi Scheme. If all depositors asked for their money, they wouldn't have enough money to pay all. If this isn't a Ponzi Scheme, I don't what is. Madoff is the poor jerk that didn't get a free pass. Meanwhile, these banks and their CEOs and upper management live in luxury and affluence doing the same thing he did. Damn crooks, all of them.

I know how Citibank raised it, by raising everyone's interest rate to 29.99%!! Even though I'm never late, I never go over my credit limit, and I always pay more than minimum, I was told its "to offset the cost of doing business". Who are they kidding? We're paying their debt to the federal government. How are we, the middle class, ever going to get out of debt or even get ahead if we're paying higher & higher interest rates? Shame on Capital Hill. Once again, the struggling middle class is bearing the brunt of it all. Don't you realize that sooner or later, we're going to break??

Why can't Matt Jaffe note that we have already exceeded the "Worst Case" scenario used to measure the banks conditions against?

Good news for everyone else. Bad news for the Republicans who want our country to fail.

JoAnne, you oculd always not get into credit card debt.

Citibank can kiss my butt. They raised my minimum payment to $991 per month. No way I can ever pay more than my absolute minimum now (until now, I always doubled my minimum payment and always paid when the bill arrived, not when it was due) I am considering debt consolidation after 30 years of perfect credit all because of Citibank. I have no sympathy for that them at all.

Morris L, let me know when you find a real good debt consolidation group.

They robbed us again, and will again, And till the people stand up and revolt, nothing will ever change, The congress gas been bought off. Again

Ron Paul will be remembered as the worlds biggest loon in history.

Sorry ihearyah I meant Debt resolution which is different than consolidation. Basically it will wreck my credit for 4 years while my debts are settled. It's better than bankruptcy but not by much in my opinion. I realize have no one to blame but myself for using credit in the first place, but I still don't forgive Citibank for doing this with no warning. One day my bill showed up and there was the $991 minimum. I almost fell over. I've been able to pay it since February (scraping by) but I can't keep going. I have other bills to pay as well and theirs is just killing me. Anyway, it's called Debt Resolution and there are a lot of companies who will do it for you but check the BBB first for complaints. It's heartbreaking to ruin my good credit and I'm afraid of what the next several years will hold (I'm no spring chicken) but I feel I have no choice now.

Hey Mikey MikeBandar -

The reason the LIRR cars suck is not because of GM, they were entirely designed and specified by the LIRR. GM even objected, but LIRR-MTA cash silenced them.

GMAC sucks for a whole bunch of other reasons, like greed, short-sightedness and stupidity.

For those of you that don't know (which apparently includes ABC News), GMAC's retail banking division is now called "Ally Bank"

I have a friend in Ohio who just got a 20K express to take her

small business from cottage industry to statewide market. Her

credit was not that good due to a layoff, but the business model

had a proven track record and the SCORE people saw excellent

potential. SCORE is also helping her get a handle on how to

manage a larger business.

business loans

The key piece of solving your debt crisis is to ensure you do not discount the condition completely. You must analyze the problem and resolve how to answer it. Talking to people with economic knowledge (be it family, a close friend, or even employees at the concerned credit card company), can bring about viable solutions. Timing is of the essence, so you must be fastidious; nevertheless taking the necessary steps to negotiate a settlement can sometimes be the advantageous decision.