Warren: More Stress Tests Needed
Lots of headlines today about Treasury's decision to allow banks to
repay billions in TARP funds.
A more significant story is getting lost in the shuffle, however: Elizabeth Warren says that more stress tests are needed because unemployment could well exceed the worst case scenario used in the recent stress tests.
"We have not actually broken through the worst-case scenario, but let's face it, the numbers are bad and they're heading in the wrong direction," Warren says.
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