Timmy Geithner wants Europe to conduct bank "stress" tests just like us!! Then set the bar low...very, very low

After conducting one of the largest scams (a.k.a. the no-stress, stress test on our finanical institutions) on Americans, Tim Geithner will advise Europe to administer the same scam stress test on their banking institutions. Tim will tout how successful our finanical institutions have performed since successfully passing the scam stress test however he will likely leave out the fact that each of these "viable and important institutions" had an unlimited supply of free money and billions of guaranteed debt from Tim's uncle once removed, Ben Bernanke and his 2nd cousin on Ben's side Sheila Bair.

As is the case with all Tim's and his relatives' ponzi schemes, in order to assure continued success, you need another player and Europe affords him a most timely opportunity.

Geithner urging Europe to set the bar low...very, very low...

(Reuters) - U.S. Treasury Secretary Timothy Geithner will urge European officials this week to conduct some form of banking system stress tests, CNBC reported on Tuesday, citing an Obama administration official.

The stress tests, however, would have to differ from those conducted by U.S. regulators in the spring of 2009, because Europe lacks a huge bailout fund like the $700 billion Troubled Asset Relief Program to plug any capital deficiencies found, CNBC said.

Geithner and other Treasury officials routinely cite the U.S. stress tests, which helped open the door for private capital to return to the banking sector, as calming intense market turmoil caused by the financial crisis.

Similar tests could provide more transparency into the European banking sector's condition and help boost market confidence.
Link to Timmy's Pretend Stress Test Article