This is a test, it is only a test

Tuesday, February 24, 2009

Enlarge

A return to television? (Flickr user ggmat (cc: by-nc-sa))

Starting Wednesday the U.S. government will begin examining how each of the country’s major banks would do in case of a worst-case scenario for the economy. Depending on the results of these so-called “stress tests,” the Treasury Department says it will make sure banks have the capital they need to survive an economic meltdown. Business Week Washington Bureau Chief Jane Sasseen gives a preview of how this process is likely to unfold.

"It's very unlikely the government is going to step in today, tomorrow, even a few months from now and say 'we're just going to take over.'"
— Jane Sasseen, Washington Bureau Chief for Business Week, on the unlikelihood of bank nationalization

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Content type*

Object pk*

Timestamp*

Security hash*

Name*

Email address*

URL

Comment*

If you enter anything in this field your comment will be treated as spam

Location

* Denotes a required field