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March 28, 2012

What Should Banking Stress Tests Really Test

The Fed didn’t ask the banks to stress test a big drop in the bond market because that’s what coming, and the banks would fail that. - in Forbes

Related, Citigroup (C), Bank Of AMerica (BAC), JP Morgan (JPM), Wells fargo (WFC)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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