Monday, April 6, 2009

Geithner's Stress Test is a Complete Sham

You can fool some people, some of the time, but not all of the people all of the time, Mr. Geithner.

The bank stress tests currently underway are “a complete sham,” says William Black, a former senior bank regulator and S&L prosecutor, and currently an Associate Professor of Economics and Law at the University of Missouri - Kansas City.

Somehow none of this surprises me....

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