We Can't Subsidize the Banks Forever: Government has to show it can handle major insolvencies
May 5, 2009 1:55AM
From The Wall Street Journal:
The results of the government's stress tests on banks, to be released in a few days, will not mark the beginning of the end of the financial crisis. If we are to believe the leaks, the results will show that there might be a few problems at some of the regional banks and Citigroup and Bank of America may need some more capital if things get worse. But the overall message is that the sector is in pretty good shape.
Chad CroweRGE CLIENTS
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