Some links to help readers digest the stress test results. OA will have commentary after we’ve had a chance to analyze the Fed’s release in more detail.
First, the release itself. This PDF file explains the stress tests and includes individual “results” for each of the banks analyzed.
Second, a helpful interactive table laying out the figures in the release.
Third, commentary from some big thinkers. Yves Smith’s and Bill Black’s comments are particularly good.
Fourth, in the wake of the release, some good news: Wells Fargo (WFC) and Morgan Stanley (MS) announced plans to sell stock. Each dollar of private capital raised is a dollar taxpayers won’t have to part with to help banks recapitalize themselves later on…
