The long-awaited, much heralded bank “stress test” results were FINALLY released today. Turbo-tax Tim Geithner delayed them a few days, and waited until after the market close today…although much of the news was intentionally leaked before the release. Leaks claimed that the test found that Bank of America needs $33.9 billion in additional capital. [...]

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FED Orders Banks To [...]

Turbo-Tax Treasury Secretary Timothy Geithner helped create the “stress test” for banks. This fact alone should give you the cold shivers. For the past several weeks examiners have been combing over the banks balance sheets and assets, putting the institutions through their paces. Or so we’ve been led to believe. [...]