Richardson and Roubini: We Can't Subsidize the Banks Forever

by Benjamin Domenech on 11:55 am May 5, 2009

The results of the government’s stress tests on banks, to be released in a few days, will not mark the beginning of the end of the financial crisis. If we are to believe the leaks, the results will show that there might be a few problems at some of the regional banks and Citigroup and Bank of America may need some more capital if things get worse. But the overall message is that the sector is in pretty good shape.

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