Thursday, February 17, 2011

Fed Tells U.S. Banks to Test Capital for Recession

Sometimes, can't you just read the writing on the wall?
Feb. 17 (Bloomberg) -- The Federal Reserve ordered the 19 largest U.S. banks to test their capital levels against a scenario of renewed recession with unemployment rising above 11 percent, said two people with knowledge of the review. 
Hmmm....

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