Thursday, May 7, 2009

Stress Test Results, Banks Need $75 billion

Well I guess we are a glass half full America.

Ten of the 19 bank holding companies deemed “too big to fail” by the Obama administration will be required to raise additional capital, according to the results of the government’s stress tests, released late Thursday afternoon. But the 10 banks will have to raise much less capital than some analysts had expected as recently as a few days ago.

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