“Stress” Test
11:22 America/Los_Angeles 24 Apr 2009 
2 Comments
Below is the released Stress test from the FED. Interesting information on their approaches and their “More Adverse” numbers, which are supposed to represent the worst case scenario. Honestly I don’t think that they really went far enough for the worst case scenario. What are your thoughts? Comment below.
I wonder if they considered the fact that 2 of the Big 3 automakers are closings plants and filing bankruptcy? The fallout of all the companies tied to these 2 are huge.
Speaking of which 2 new items just came out after hours:
1. GM is liquidating 2 employee benefit plans:
http://zerohedge.blogspot.com/2009/04/gm-liquidat…
2. Bank failure #26 #27 #28 & #29 for the year happened after the close:
http://zerohedge.blogspot.com/2009/04/new-bank-an…