Rahm on the stress tests: We create our own reality
Emanuel, 49, a former congressman from Illinois, rejected criticism by some investors that the reviews are based on overly optimistic assumptions, saying they reflect “pretty strenuous economic conditions.”
“The stress test was developed as a way to have a demarcation that put that fear and confusion aside,” Emanuel said. “That will be the test of the stress test: whether it actually removes the fear and gives you a sense of clarity.”
Alrighty then. "A sense of clarity." Roll that one on the tongue. Let me translate:
And let me translate that:
The fix is in.
All that will remain to be done, once the banksters have been given a clean bill of health, will be to determine how many more trillions they need during the "clean up" phase of the operation, which will last until just after, oh, November 2010. I would say.