Archive for 23 February, 2009
As Doubts Grow, U.S. Will Judge Banks’ Stability
February 23, 2009 10:07 am
The Obama administration will beginto judge whether the country’s 20 biggest banks ould hold up even if the downturn worsens further than policy makers already expect. The tests are expected to take several weeks.
“Bank shares were pummeled last week, partly because of rumors that the government might nationalize some of the banks. Officials consider many of the top 20 banks “too big to fail.””
