Considering Politics, Culture And Nonsense Since 2009

Thursday, April 9, 2009

The Tautology of Geithner's Stress Tests

Ummm:

Regulators say all 19 banks undergoing the exams will pass them. Indeed, they say this is a test that a bank simply will not fail: if the examiners determine that a bank needs “exceptional assistance,” the government, that is, taxpayers, will provide it.

No comments:

Post a Comment