tag:blogger.com,1999:blog-7905515.post3463941493793421159..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: Stress Testing Now is a Really Bad IdeaEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7905515.post-29216909966528898872009-02-23T00:39:00.000-06:002009-02-23T00:39:00.000-06:00Say.... I were treasury secretary. trying to resto...Say.... I were treasury secretary. trying to restore confidence to the system. I'd run some bullshit stress test and tell everybody things are fine, with some small changes or something.<BR/><BR/>Banks are a confidence game, so is the financial system and stock is just paper.<BR/><BR/>The FDIC has been through all the books with a fine tooth comb for a Year... What the hell can they do now? "OH!!! sorry, we didn't regulate well enough."<BR/><BR/>So how do you solve it? with confidence.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-11134272505093245902009-02-22T20:39:00.000-06:002009-02-22T20:39:00.000-06:00good post. given the complexity of the task at ha...good post. given the complexity of the task at hand, how can the regulators credibly do this job quickly (as in weeks, versus months), whereas expectations are being currently set through press leaks that the "stress tests" will be executed and completed within a few weeks?Anonymousnoreply@blogger.com