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FBN's Liz MacDonald on the Federal Reserve meeting with the banks to hear stress test complaints.
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-- are still fighting with the veterans are other stress test.
Elizabeth MacDonald has the latest battle is what's up.
Here what's going on is the Federal Reserve official -- -- going to meet with the banks tomorrow because there aren't happy with how the Fed's handling the stress that's.
And also the Federal Reserve is releasing letters to the nineteen banks in the stress test.
Look we are going to criticize you we aren't happy with the plans that you have to bolster your balance sheets and let's get specific let's tell you -- -- what really spelling out what they're what they're back at -- are -- upset about.
That the banks are ignoring sudden downturn possibilities in the economy.
Premature.
Dividend increases are races instead of boosting capital.
And basically marking down all housing prices at the same rate and ignoring regional differences so you know essentially what's going on is.
It's that the battery is service still pressuring the banks to do more to breeze or capital it of the isn't -- -- amounted to was.
The banks in nineteen banks in the stress test similar least 43 billion dollars worth of dividends on the eve of the financial crisis -- 122007.
And other than another 39 billion in dividends in 2008 so -- -- -- service saying hey wait a second we got to avoid future taxpayer bailouts here.
Absolutely yeah -- thank -- -- -- Elizabeth.
