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Stress Test for Banks Exposes Rift on Wall St. [View All]

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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-09 04:39 AM
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Stress Test for Banks Exposes Rift on Wall St.
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"Big banks keep insisting that they have all the capital they need — a claim that might strike many people as absurd at a time the government is spending billions of taxpayer dollars to prop up the financial industry.

So here is a surprise: By some common measures, the banks do have enough capital.

The problem is, it is not the kind of capital investors think the banks need."

http://www.nytimes.com/2009/02/25/business/economy/25bank.html?th&emc=th




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