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The purpose of the government's stress tests of the nation's 19 largest banks is to find out which will need capital. The evaluations are based on several artificial, and, perhaps, unrealistic criteria. One is unemployment reaching 10% and another is a further, sharp drop in real estate values...

Author: /time Magazine | Title: If Banks Can Challenge Stress Tests, are they Really Tests? | 4/23/2009 | See Source »

The biggest problem with letting banks go over their grades is that, if they can argue with the government in private, they can take those arguments public. Banks told that they must raise capital can debate the judgment and claim that the entire program is flawed. That may cause shareholders...

Author: /time Magazine | Title: If Banks Can Challenge Stress Tests, are they Really Tests? | 4/23/2009 | See Source »

The question is, Would that be a good thing? Many outside observers have argued that the financial system needs shock treatment, in which the government takes over more banks and forces the entire banking system to flush bad assets from its books. If you priced all bank assets at current...

Author: /time Magazine | Title: Hooray for Boring Banks | 4/23/2009 | See Source »

At an event publicizing his new cookbook at Harvard Bookstore, Chef Peter Davis urged consumers to “Buy Local!” Davis, the chef of Henrietta’s Table, a restaurant at the Charles Hotel, was promoting “Fresh and Honest: Food from the...

Author: By Ravi N. Mulani, CONTRIBUTING WRITER | Title: Henrietta’s Table Chef Praises Local Farmers | 4/23/2009 | See Source »

TR: I would like to help the Republican Party find its voice. People are worried about our messengers, but before we have a messenger we better figure out what our message is. I would [also] like to work with men and women on both sides of the aisle who bring...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: Ridge Criticizes Both Obama And Bush Administrations | 4/23/2009 | See Source »

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