Quote:
Originally Posted by treasurekidd
Only those who were dumb enough to pay any attention to that drivel. You don't listen to politicians and bureaucraps, and you don't buy stocks based on idiotic tests run by government regulators (more bureaucraps). I still like STD though. Still profitable, still paying dividends, making aquisitions and selling fairly cheap. STD is a tremendous long term play.
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No, tk, I was almost tempted to buy AIB and NBG owing to the stress test results. Thankfully I didn't. If you remember my posts from back then, you may have known me speaking about the farcical stress tests coz they clearly looked like they were scamming.
Now the hard facts are out that they were indeed a scam. Someone wrote the auditors missed some vital stats
NBG and AIG have been stripped bare lately. They might be a good buy right now.
But what is alarming is how people are allowed to lie publicly and generate falsifying audits to fool investors and project a sense of market recovery in Europe.
I think the Euro sovereign crisis is only getting more severe, with France and Germany, which were thought to be insulated from it, looking like they might cave in.