Friday, April 10, 2009

passing the test

The New York Times is reporting that regulators say all 19 banks will pass the stress tests, although some still may require more aid. Quoting officials involved in the examinations, they say this is a test a bank simply cannot fail, if the examiners determine that a bank needs "exceptional assistance," the government will provide it. There is said to be a wide range of results among the institutions.

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