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The Sound of Ideas

Stress Tests

Posted Tuesday, May 5, 2009

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For the last two months, the 19 largest US banks have been going through stress tests at the Federal Reserve, essentially to determine if they can handle a worsening recession. The results for all those banks, including Key and Fifth Third, are due out this week. Meanwhile, Twinsburg is going through its own stress test: the announced closure of the city's largest employer: the Chrysler stamping plant.Tuesday morning at 9, we'll find out how the region is responding to both tests.

Tags

Economy, Regional Economy/Business - Analysis and Trends, Regional Economy/Business - News, Government/Politics

Guests

Representative Steve LaTourette
State Rep. Brian Williams
Doug Rice President, UAW Local 122
Kevin Jacques Boynton D. Murch Chair of Finance, Baldwin Wallace College

Additional Information

An explainer from the Fed on the Stress Tests, also known as The Supervisory Capital Assessment Program

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Every weekday at 9:00 AM (EST), The Sound of Ideas reports the news, explains the news, and sometimes makes news. The Cleveland Press Club awarded it “Best Radio Show” in Ohio and thousands daily find it to be an indispensable source of information about what’s most important to Northeast Ohioans.

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