Although the pending results are expected to showthat all 19 US banks are capable of surviving future shocks, but some will only be able to do that if they receive further capital injections. So does that mean that they don’t all pass and some need capital injections to be able to pass? Or does it mean that there was no chance that any bank would fail the stress test because if they were found to be lacking they would find themselves the recipients of a nice healthy welfare (bailout for rich people) cheque and hence would then pass the test?
I wish my exams were like that! Just like i wish i could ring fence all my bad trades over the past few years…ummm, not that there have been that many of course!
