2009-03-04 — institutionalriskanalytics.com
The "stress test" used in 1933 was very simple, unlike modern stress tests, which take months or years to develop, if done correctly. It took only a week for the 1933 stress test to be done for 12,000 banks. You can bet it will take months for the modern stress tests to be done for the 19 banks to be tested. So it is clear that we will get a "stress test" that is so complex it cannot be questioned by the average person, but still so hurried that it will not be mathematically valid. That means it is a LIE, which is being used to give regulators freedom of action.
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