Saturday, February 28, 2009

Obama's Plan to "Stress Test the Banks" Not the Best Policy Move

Actually, as Fabius Maximus notes, the idea has plenty of merit, but it is the assumptions underlying the policy that are not wise. This is a great piece from a blogger that is now on my list of go to places for quality analysis.

By the way, I don't think this to be Obama's worst policy move, but it may be the one with the longest range impact.

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