So why the tests?
Why is the Obama administration even in this mess? One theory holds that with Troubled Asset Relief Program, or TARP, money running low (only $110 billion of the original $700 billion bank bailout is left), test results could persuade an unwilling Congress and public to fork over more cash.
"It's a way they can justify a request to Congress to ask for more money," says Joseph Mason, a Louisiana State University finance professor and a partner at Empiris, a consulting firm.
Indeed, the administration will have to announce an action plan to help any troubled banks it identifies, says Paola Sapienza, a finance professor at Northwestern University's Kellogg School of Management. "The moment you say one of these banks is insolvent, you have to have a ready solution. Otherwise you are going to create chaos."
-----------
Będą drukować... na kwartał starczy