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What if the Dr Gave you a stress test lying down? Would you pass?

Started by Riversider
about 17 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://www.nytimes.com/2009/08/23/business/economy/23gret.html?ref=business Based on his preliminary review of individual bank reports, Mr. Whalen said the greater stress across the industry results from the large number of banks getting dinged by losses or charge-offs. The figures, Mr. Whalen said, call into question assumptions made by the government earlier this year, when it put major banks through “stress tests.” In short, the tests may not have been tough enough.
Response by hsw9001
about 17 years ago
Posts: 278
Member since: Apr 2007

I thought the stress test was just a public confidence builder. If any company actually failed the stress test, it would pretty much sink the company. At that time of the economic crisis, doing that to a company would be a disaster.

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