Monday, March 12, 2012

Fed Releases Criteria of Bank "Stress Test"

The Fed will look at how the nation's 19 largest banks would survive a world with a 13 percent jobless rate, a 50-percent drop in stocks, a 21-percent decline in housing prices and a significant contraction of other major world economies.
Is this normal, or is this what the Fed is expecting in our economic future?

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