The Fed is preordaining the outcome of the tests by (1) pumping up the banks’ capital with financial handouts prior to the tests and (2) by removing key aspects of the stress tests that would negatively impact the outcome. Kelleher’s criticisms revolve around two key points. Dennis Kelleher, Co-Founder, President and Chief Executive Officer of Better Marketsĭennis Kelleher, the co-founder, President and CEO of the nonpartisan Wall Street watchdog, Better Markets, has issued a scathing rebuke of the Federal Reserve’s so-called “ stress tests” of the mega banks on Wall Street, calling them “toothless.”
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |