The only reason for the stress tests was to find out how big The Big Give will be
The Fed says the 19 companies that hold one-half of the loans in the U.S. banking system won't be allowed to fail — even if they fared poorly on the stress tests. The tests are intended to measure whether banks have enough capital to withstand losses on mortgages and other assets if unemployment rises and home prices fall further. Investors had feared the tests would highlight some banks' vulnerability to failure.
What a relief!
And the same familiar faces will be in charge!
NOTE Another massive called shot from The Onion: November, 2008. "My father worked two jobs to we could put money in the money hole, and he never complained!"