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Stress Tests: A Test of Transparency
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Stress tests of U.S. banks by the Obama administration.
05/06/2009
What the stress tests of the banks by the Federal Reserve did and what they failed to do. By coming up with amilder stress test after intense bargaining with the banks have the stress test adequately protected transparency? Have they muddied up the problem of putting banks on their feet by not taking the strong action to clean up balance sheets that is needed, and making it appear that banks are healthier than they actually are.
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