Meredith Whitney: Regardless of stress tests, banks will still need more capital
WWW.CREDITWRITEDOWNS.COM - The Bloomberg video below makes it seem that Whitney believes the stress tests are a sham. She says the tests are a theoretical exercise whereby banks ask: “what will our earnings power be in two years after we sell off these ‘toxic’ assets?” She goes on to suggest that the answer to this question will be a self-serving, upbeat response not wholly reflective of the real...
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