Stress Tests
Posted Tuesday, May 5, 2009
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Download MP3For 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 LaTouretteState 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 ProgramLeave a Comment
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