If you believe the economy is getting better and unemployment is on a steady/permanent downward trend, then how do you explain this?!
"The Federal Reserve is requiring 19 banks that underwent U.S.-mandated “stress tests” to now test their capital against a recession scenario in which the unemployment rate rises to 11%, according to a report Thursday."
"Louisiana State University- Baton Rouge finance professor Joe Mason said an 11% unemployment rate was “a reasonable scenario to test” and not so extreme."
Now WHY would the Federal Reserve be asking banks if they have enough capital IF unemployment were to reach 11%, when we're in the midst of a "recovery?!?!" Hmmmm????
And here I thought Obama's 2009 Stimulus was essential to keeping unemployment from going over 8%!!! What went wrong?!?!? (sarcasm)
(just a little refresher)
Answer by yourspecialkid at 1:23 PM on Feb. 20, 2011
Answer by Carpy at 11:18 AM on Feb. 20, 2011
Answer by lovinangels at 11:39 AM on Feb. 20, 2011
Answer by mrssundin at 12:40 PM on Feb. 20, 2011
Things are not going to get any better till we get Obama out of there. His failed polices have been tried before throughout history, and have failed. I don't know why he thinks they will work this time.
Answer by Natesmom507 at 3:34 PM on Feb. 20, 2011
Answer by gemgem at 11:17 AM on Feb. 20, 2011
Answer by DSamuels at 11:14 AM on Feb. 20, 2011
Answer by DSamuels at 11:46 AM on Feb. 20, 2011
Answer by Carpy at 2:26 PM on Feb. 20, 2011
Answer by jesse123456 at 6:35 PM on Feb. 20, 2011
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