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Monday, March 02, 2009
Robert Kuttner: "Geithner's Folley" - Huffington's Post
[Excerpt] ... Geithner has also come up with the idea of subjecting the largest banks to "stress tests" to determine just how badly damaged their balance sheets are. This has been advertised as government examiners crawling all over bank records, but much of this belated effort will rely on the banks' own risk models--the same risk models that got the banks into this mess. ... Read more.
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