New at Reason: Tim Cavanaugh on the Democrats, the Banks, and the Stress Tests

May 8, 2009

After weeks of strife, the Federal Reserve, the Department of the Treasury, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation finally released the results of the "stress test" they imposed on America's banks. But as Contributing Editor Tim Cavanaugh writes, the problem is that by trying to map a diverse collection of institutions, many of them regional banks whose dynamics differ widely from those of international banks, the stress test produced a range of interesting yet ultimately inconclusive statistics.

Read all about it here.