Archive for May 8th, 2009

Bank stress tests: the aftermath and consequences

On May 7, 2020, the Obama administration, hand-in-hand with the Federal Reserve, broke the long-standing precedent of trying to maintain confidence in the banking system and published what was essentially a list of “bad banks”, including some of the largest banks in the country. Banks failing the Fed “stress test” were: Bank of America, Wells Fargo, […]

copyright | privacy | home

Powered by WordPress | Entries (RSS) | Comments (RSS)