Saturday, May 2, 2009
Stress Tests: The Same Clever Financial Engineering That Led To The Crisis In The First Place?
This "stress test" is like someone smelling a fart to figure out if the patient has a serious colon cancer! What a joke. This wool that they're trying to pull on everyone's eyes is eerily similar to Bush telling the entire nation that Iraq had WMD. The fact remains, as Marinade and Carolb allude to earlier in the post, that the; development and implementation of a fair, regulated and transparent financial system is what's needed - but instead, we're being sold yet another bogus bill of goods.
The patient is facing imminent demise, and the shaman is blowing smoke up his a$$ to cure the ill.
About The Fed
Read the Article at HuffingtonPost