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Posted at 6:38 PM ET, 11/17/2010

Reconciliation

By Ezra Klein

Recap: Rep. Jan Schakowsky outlines her deficit-reduction plan; it would've been better to focus on growth; and Austan Goolsbee is super sexy.

Elsewhere:

1) When did political science forget about politics?

2) It's sad to see the Washington Independent shutting down.

3) Why we need models.

4) Sarah Palin loves books.

5) I'll be on Countdown with Keith Olbermann tonight talking about the curious aversion Republican congressmen have developed to serving on the Appropriations Committee.

By Ezra Klein  | November 17, 2010; 6:38 PM ET
 
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Next: Wonkbook: The no-compromise conference; food safety bill moves; paycheck bill doesn't; Elmendorf in trouble?

Comments

This isn't good news. I hope it's secretly a window dressing test to try to make the banks look good.

"Banks have to file plans to the Fed showing that they would have sufficient capital cushions to cover any losses under different economic scenarios -- including if the economy were to fall back into a recession, Fed officials said.

All of the 19 largest banks overseen by the Fed must file the plans -- even if they don't intend to increase their dividend payments. The plans must be filed by Jan. 7, 2011.

The upcoming round of "stress tests" are a key part of the Fed's ongoing efforts to make sure that banks -- and the entire financial system -- are stable. The safety and soundness of the banking system is an important ingredient to the economy's health."

Posted by: 54465446 | November 17, 2010 7:01 PM | Report abuse

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