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The Stress Test Results
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The NYTimes asks whether the administration has the will to take the tough actions necessary for an effective action plan for the banks, including ownership by the government of insolvent banks, new management, haircuts for bondholders.
After the first 100 days of the Obama administration, needed is an action plan for bank rescue.
03/11/2009
Leonhardt, Raghuram Rajan, the Economist and others offer their ideas on the bank rescue action plan. The first 100 days of the Obama adminsitration leave the difficult issues of bank rescue, and the related problem of foreclosures in housing unresolved. A new action plan is needed, and the government appears only to be recycling new versions of the Paulson plan.
Grouped Articles
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
This Is Not a Test. This Is Not a Test.
New York Times 03/11/2009
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
Big Regional Banks Report Losses Tied to Bad Loans
Wall Street Journal 04/22/2009
Long Odds? Three Scenarios for the Economy's Path
Wall Street Journal 04/23/2009
Rep. Frank Slows Market Regulation Bill
Wall Street Journal 04/23/2009
The NYTimes asks whether the administration has the will for the tough steps in bank rescue.
04/21/2009
Skepticism about the administration's efforts in bank rescue.
Linked Articles
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
New York Times 04/26/2009
The NYT editorial questions the wisdom of letting banks like JP Morgan and Goldman Sachs repay government money.
04/26/2009
The heavy lobbying by the banks may skew government decisionmaking, says the NYT, and lead to poor decisions. Banks still face losses in commercial real estate, and the higher unemployment and its effect on the economy could adversely affect their balance sheets.
Linked Articles
New York Times 04/26/2009
New York Times 06/11/2009
Gaps and flaws in the stress tests could cause problems later on
04/26/2009
How the Citigroup stress test conclusion does not match up with large pending losses in aworst case scenario. The ineffectiveness of the regulatory structure, as the FDIC is burdened with a large loss sharing agreement with Citigroup, but has not been able to get a change in the management at Citiigroup so that action is speeded up.
Linked Articles
Wall Street Journal 06/05/2009
New York Times 04/26/2009
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