Financial Crisis
Memo to the President: Replace stress tests with viability plans
10:12AM 4/19/2009
19 financial institutions (FIs) are undergoing so-called "stress tests" to determine whether they need to raise more capital. As I posted, these 19 institutions hold $608 billion in toxic waste, formally known as Level 3 assets. Now there is major drama in Washington about whether to release the...
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