It’s as simple as a, b, c. If you suspect you have heart problems, you take a stress test. Obviously, if your arteries are clogged, you’re in trouble and you could die. So it’s vital that the doctors conducting these tests do them right.
This stress test issue is especially critical right now since on Monday, the eagerly awaited results of a series of vital stress tests of a different sort — those undertaken to determine the soundness of the nation’s 19 largest banks — will be released by Uncle Sam.
Financial markets and investors worldwide are already on pins and needles, what with clogged arteries, reflecting a slew of bad loans, already an increasingly fact of life in the nation’s banking industry, evidenced by billions of dollars in government bailout money doled out to a number of banking giants and another 29 bank failures so far this year.
Seeing is believing, they say, but what you see is not necessarily what you should believe when it comes to these stress tests. The reason: even before their release, some critics are raising serious questions about the legitimacy of the tests.
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