Stearns County, Minnesota | Interesting read from the New York Times. The Fed projected that the 31 banks would suffer losses of $490 billion during a period of just over two years, under its most severe assumptions. Those include a deep recession in which the unemployment rate reaches 10 percent. In addition, the stock market falls by more than half and house prices lose a fourth of their value. http://www.nytimes.com/2015/03/06/business/dealbook/fed-stress-tests-find-biggest-banks-meet-capital-thresholds.html
Edited by 99MAX 3/6/2015 08:56
|