From Zero Hedge.
This is important for supporting what Ron Paul says.
The Fed’s stress test contains no interest rate movement, just mortgage rates rising to 5% for 2012. They do have home price declines of 20% and 0% GDP growth for 2012, but no interest rate shocks? What kind of a stress test is this??
This stress test is NOT applied to Fannie Mae, Freddie Mac or the FHA. Just more government protection of its own.
Upcoming Case-Shiller Report and The Fed Reserve Comprehensive Capital Analysis and Review
http://confoundedinterest.wordpress.com
Freddie and Fannie are at the very root of our dilemma.
That and the community reinvestment act.
We are in a web of BS.