The question you should be asking is why exactly does the Fed feel the need to put banks through doomsday scenario stress tests of a 50% drop in stocks, 13% unemployment rate, and a 21% decline in housing prices? What exactly are they expecting?
The Federal Reserve released its "worst-case scenario" bank stress test criteria Monday and said it will release full results Thursday at 4:30 p.m. ET.
The Fed will look at how the nation's 19 largest banks would survive a world with a 13 percent jobless rate, a 50-percent drop in stocks, a 21-percent decline in housing prices and a significant contraction of other major world economies.
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