I am not going to pretend to know whether or not the tests are just bullshit. What I do know is that they better not just be bullshit, or there will massively negative political consequences for the entire Democratic Party as a result. If it turns out that way more capital is needed than these tests forecast, and the economy doesn't recover very quickly, then the "stress tests" will be viewed as a blatant case of either administration incompetence and / or mendacity.
Monday, May 11, 2009
Don't Bullshit Us, It Won't End Well
Chris Bowers on the Stress Tests:
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