Net
- Economy's Biggest Drag Right Now Is Government
- What’s This ‘Fiscal Cliff’ Anyway? Do I Need to Worry?
- What Falling Milk Prices Say About an Economic Slowdown
- Bad Day for BATS—and for High-Frequency Trading
- Obamacare, the Individual Mandate and MMT
- A Defense of Crony Capitalism
- The Buckaroo and the Demand for Money
- New York Housing Market Could Still Collapse: Analyst
- Why the Social Security Tax Fight Is Stupid
- Big Shift in ECB Balance Sheet a Sign of Banking Stress?
- Bringing the Poppy Back to Wall Street
- Carl Icahn Increases Stake in Chesapeake, Demands Board Seats
- Kansas City Fed President Steps Into Jamie Dimon Debate
- Where Large Banks Fail, Regionals are Succeeding: Bove
- Facebook IPO Fiasco: 10 Things Underwriters Got Wrong
- Bank of Greece Poised to Reveal Crucial Data
- Rumors of Bank Intervention Stir Euro Markets
- Last Call: Facebook Fiasco Is Heading Toward Farce
- How to Get Fired From Goldman Sachs
- Why Facebook Stock May Have Hit a Bottom
- Facebook Forecast Scandal's Big Question: Insider Trading?
- Last Call: Facebook IPO Forensic Examination Begins
- Case Against JPM Is 'Straightforward': Attorney
- JPMorgan Facing 2007 'Kitchen Sink' Times Again?
- Bill Ackman's J.C. Penney Presentation from Ira Sohn Conference
Call: 201-735-4638
Text Message: 917-740-8477
- Manufacturing May Be Poised for a Quantum Leap
- Spain to Go to Market to Fund Banks, Regions
- Home Prices Hit Fresh Lows, But 'We See Signs of Hope'
- JPMorgan Implicated in Japan's Insider Trading Probe
- Cramer's Top Dividend Plays
- Why June Could Be a Turning Point for Markets
- BlackBerry Maker RIM Hires Advisers to Review Business
- Facebook Faces Extended US Review of Instagram Deal
- Shares of Facebook Fall Below $29 for First Time
- High-Tech Worker Shortage: Has Anything Changed?
Geithner Implies European Banks Couldn't Pass US Stress Tests
Text Size 
Senior Editor, CNBC.com
 |
Photo: Heidi Gutman for CNBC.com |
When asked whether there was a potential for a Lehman-like disorderly collapse, Geithner quickly answered "absolutely not."
But when asked whether "their banks" could pass "our stress tests," Geithner deferred to the market.
"I think you have to look to the broader investor community for an answer," Geithner said.
In other words, Geithner is saying the markets that have been pushing down shares of European banks basically have it right. The European banks need more capital and could not pass European stress tests.
_____________________________________________
Questions? Comments? Email us at
Follow John on Twitter @ twitter.com/Carney
Follow NetNet on Twitter @ twitter.com/CNBCnetnet
Facebook us @ www.facebook.com/NetNetCNBC
Questions? Comments? Email us at
Follow John on Twitter @ twitter.com/Carney
Follow NetNet on Twitter @ twitter.com/CNBCnetnet
Facebook us @ www.facebook.com/NetNetCNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes
