Stress-Test Assumptions May Be Too Rosy, Regulator Says
The adverse scenario used to test the health of the 19 largest U.S. banks is "disturbingly close" to current economic conditions, sparking a concern that there might need to be a second "stress test," a U.S. financial bailout fund watchdog said Monday. Elizabeth Warren, who chairs the Congressional Oversight Panel for the Troubled Asset Relief Program, [...]