Stress Tests

Posted on

"Stress Tests"

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!

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.