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Stress Tests

By Matthew Yglesias on May 3, 2009 at 12:51 pm

"Stress Tests"

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One reason not to nationalize insolvent banks, or so I’m told, is that it might lead to the politicization of finance. You’d have politicians making business decisions rather than doing things the American way and letting businessmen make the political decisions: “US regulators will delay the release of stress test results for the country’s 19 biggest banks until next Thursday, after some lenders, including Citigroup and Bank of America, objected to government demands that they needed to raise billions in fresh capital.”

Because of course it’s never regulators’ job to do things that the managers of regulated firms don’t like!

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