Free Republic

Are we headed toward a war with China? Recent developments seem to suggest that things are heading in that direction. Congressional lawmakers are now pressing the Federal Reserve to ‘stress tests’ banks for the ensuing fallout from a potential war with the Chinese Communist Party. Aside from the fact that this indicates Washington D.C. is anticipating conflict, it also calls into question the current health of our banking sector overall. It’s no secret that banks have been failing left and right, while both consumer and national debt have skyrocketed to unsustainable levels. Consumer spending is down in several key areas,...

Six years after the Federal Reserve’s “stress tests” began, the biggest Wall Street banks still are straining to decipher them. ...

WASHINGTON (AP) — The Federal Reserve says four major banks failed to show they have enough capital to survive another serious downturn. The list includes Citigroup, the nation's third-largest bank. The Fed says 15 of 19 major banks passed the stress test. The Fed noted that all of the banks have built up their capital reserves since the 2008 financial crisis. SunTrust and Ally Financial also failed the test.