Word: failed
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...bank stress tests are considered one of the key components of Treasury Secretary Tim Geithner and President Barack Obama's plan to fix the financial system. They are designed to determine which banks would fail and which would survive if the economy worsens, as some economists expect. But when they were announced in mid-February it was not clear what the government would do with the information collected. Would it shut down a troubled bank...
...time we change the paradigm from "too big to be allowed to fail" to "too big to be allowed." John Carlson, LITTLE RIVER...
...Western-controlled World Bank and IMF (that have devastated many African countries) are now being reversed in the U.S. Whereas poor, suffering Americans need to be protected from the full consequences of their free-market principles (which should allow AIG, GM and the rest of them to fail), Africans were afforded no such protection - presumably because they don't vote in U.S. elections. Alex Potter, CLAREMONT, SOUTH AFRICA...
...time we change the paradigm from "too big to be allowed to fail" to "too big to be allowed." John Carlson, Little River...
...because the programs are privately run, what happens within their walls is largely a mystery. No one knows whether the programs succeed or fail...