Bank Test

Amazing.

The Fed projected the 19 largest banks will suffer a collective potential loss of $599 billion, and this is being casted as positive, not so bad.

The banks are doing okay now because of $700 billion of tax payer charities. But this party won't last for ever.

What's the total market cap of those 19 companies? A lot less than $600 billion, I would think. If they were to lose $600B, then ALL of the current shareholders are toast.