Caldwell NEWS - Bair: U.S. Banks Need 'Stress Test' - Street.Com Caldwell NEWS - Bair: U.S. Banks Need 'Stress Test' - Street.Com

Tuesday, February 24, 2009

Caldwell NEWS - Bair: U.S. Banks Need 'Stress Test' - Street.Com

Federal Deposit Insurance Corp. Chairman Sheila Bair cautioned at the same time against rushing to a judgment that Washington intends to take over the industry, saying, "I think there's ambiguity in the word 'nationalization.' " "I think that is Ossining NEWS

President Barack Obama was set Tuesday to use the grand political stage of his debut address to Congress to counsel a nation gripped by economic fear and to showcase his ambitious agenda. Five weeks into an administration born amid the worst Ossining NEWS

WASHINGTON - The head of the Federal Deposit Insurance Corp. says key decisions on shoring up the shaky financial system will hinge in part on a "stress test" to determine how the largest banks would perform if the economy weakens further. Chairman Ossining NEWS

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