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Starting Wednesday the U.S. government will begin examining how each of the country’s major banks would do in case of a worst-case scenario for the economy. Business Week’s Jane Sasseen gives a preview of how this process is likely to unfold.
Starting Wednesday the U.S. government will begin examining how each of the country’s major banks would do in case of a worst-case scenario for the economy. Depending on the results of these so-called ?stress tests,? the Treasury Department says it will make sure banks have the capital they need to survive an economic meltdown. Business Week Washington Bureau Chief Jane Sasseen gives a preview of how this process is likely to unfold.