Foreign Policy Blogs

The Truth About Bank 'Stress Tests'

 

Once again, comics and the artisans of comedy are the best truth-tellers.  The Comedy Central’s Jon Stewart proved brialliant earlier this year in calling-out CNBC’s so-called “ahead of the curve” financial “news” personalities for their abscense of accountability in the lede up to the banking crisis and the global economic crisis that followed.  Now, Saturday Night Live (SNL) deadpanned U.S. Treasury Secretary Timothy Geithner and the reality behind the ruse of the bank stress tests.  Your hard-earned money may be more at risk than you’re being led to believe.  There is, afterall, truth in comedy.  The video clip is eloquent in its simplicity. You must see it!

And when you’re finished viewing the video clip above, check-out this article in today’s New York Times titled, After the Stress Test.

 

Author

Elison Elliott

Elison Elliott , a native of Belize, is a professional investment advisor for the Global Wealth and Invesment Management division of a major worldwide financial services firm. His experience in the global financial markets span over 18 years in both the public and private sectors. Elison is a graduate, cum laude, of the City College of New York (CUNY), and completed his Masters-level course requirements in the International Finance & Banking (IFB) program at Columbia University (SIPA). Elison lives in the northern suburbs of New York City. He is an avid student of sovereign risk, global economics and market trends, and enjoys writing, aviation, outdoor adventure, International travel, cultural exploration and world affairs.

Areas of Focus:
Market Trends; International Finance; Global Trade; Economics

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