04/09/2009 05:39:17 PM EST

Stress test a sham.

posted by Mickey Itchi

<h1>Geithner's Stress Test "A Complete Sham,"</h1>

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Stress test a sham. | 2 comments (2 topical, 0 hidden)
Black (none / 1)

It's a good interview with Black focusing on the "stress tests".  We've got to see something from Obama soon.  Even as I "defend" the toxic asset plan we've got to start seeing some movement on the regulatory front.  Even Goldman Sachs has figured this out.  While it isn't essential to get us out of this mess now that we're here, it is the time move forward politically with it. 

I mean if Obama is planning on spending energy on immigration reform later this year they surely can focus on getting the rules of game in the financial industry right.

by publius on 04/09/2009 06:05:05 PM EST

good point (none / 1)
Even though I strongly disagree with the current plan, I could grudgingly accept it if it was backed up by strong sensible regulation.  Sort of a "This is your last chance, shape up or you're done" type of deal.  If there is not enough regulation to go with it, than to me it seems pointless.  Even if it does help fix the current crisis, without that regulation and oversight, we will just be kicking the can a little further down the road.  With the added bonus that when it does come back again, we won't have any money left to pick up the pieces.

by funkyspoon on 04/10/2009 01:52:26 AM EST

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Stress test a sham. | 2 comments (2 topical, 0 hidden)
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