Friday, May 8, 2009

The Big Lie: Stress Test Optimism Just Wall St. Propaganda, Former Bank Regulator Says

Results of the stress test brought a collective sigh of relief from Washington D.C. to Wall Street Friday, and stocks were rallying again on a growing sense the financial crisis has past.

Don't you believe it, says William Black, an Associate Professor of Economics and Law at the University of Missouri - Kansas City. Link

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