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Warning about the spillover from Europe, Fed Vice Chair Janet Yellen says a new round of stress...

Warning about the spillover from Europe, Fed Vice Chair Janet Yellen says a new round of stress tests on U.S. lenders will begin soon. Unworried about exposure to EU sovereign debt (is she aware of MF Global), Yellen believes the real issue for U.S. banks are links to their European counterparts.
Comments (3)
  • Janet's been reading Reggie Middleton again! Bring it on!
    11 Nov 2011, 01:40 PM Reply Like
  • You can't compare MF Global to systemically important banks.
    11 Nov 2011, 01:48 PM Reply Like
  • I know the outcome of the tests: PASS

     

    This is not a real test, but a confidence booster. We test until it passes, we replace governments until they agree to demands
    11 Nov 2011, 02:12 PM Reply Like
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