Posted on 07 May 2009. Tags: Banks, Citibank, Community Banking, Financial Crisis, Nourel Roubini, Stress Tests, Timothy Geithner
I understand why the Administration had been working overtime to try to prop up major banks–but understanding does not mean agreement with the long-term strategy. In fact, the question worth asking today is not whether the stress tests are accurate or whether more taxpayer money will be needed to shore up the major banks. […]
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Posted in General Interest
Posted on 09 April 2009. Tags: Banks, Financial Crisis, Nationalization, Stress Tests, Treasury Department
Maybe I’m eating too much Matzoh which is clogging the part of my brain that triggers the "trust" center but I’m not feeling great about this aspect of the government’s effort to conduct "stress tests" on the banks: But the tests, which are expected to be completed by the end of this month, are […]
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Posted in General Interest