David Leonhardt: Heading Off the Next Financial Crisis + Lessons from the Crisis Stress Tests

[mEDITate-OR:

not see the Economix truth of this...

 

David Leonhardt is not only a regular contributor to the NYTime Economix column/blog, but a very respected commentator on what is really happening to U.S.

 

This is a VERY well thought out article, with serious implications for U.S. - both what we should have and now should do

and what probably will happen if we do not.

 

the Second article is by One of The Fed.

what it tells U.S. about what SHOULD be in a banking system "stress test" is critical reading.

 

All of U.S. assume that what companies must put into their SEC reports are true AND complete.

 

What we NOW know is that commercial and investment banks do NOT play by those same rules.

 

There was a reason for the adoption of Freedom of Information Acts AND for Public Disclosure laws.

 

That reason also applies to banks, credit default swap AND derivatives...!

Leonhardt: "Heading Off the Next Financial Crisis"

by CalculatedRisk on 3/27/2010 05:36:00 PM

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Fed's Tarullo Argues for Regular Stress Tests with Public Release of Results

by CalculatedRisk on 3/27/2010 12:59:00 PM

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