Ask the Governor For February 20, 2008

A lot feared that the economic crisis will be around the country longer than expected. That is why the government is doing all it can do to keep our economy afloat during the crisis. But even financial institutions are also facing crisis. the government decided to conduct a stress tests on banks to assert if these banks can survive the crisis or how long they can keep. But the bank stress tests have been leaked, albeit in incomplete form. The bank stress tests indicate that the largest banks, all of which received large installment loans from the taxpayers, are still heavily leveraged and still run a huge risk of collapse. The source isn't exactly known for its journalistic integrity or anything resembling something positive. The leak comes from the Turner Radio Network, run by Hal Turner, a radio show host and blogger who is closely tied to the white supremacist movement and is a Holocaust denier (a crime in Germany and Austria). Regardless of the dubious nature of the source, the listed companies on the bank stress tests still need debt relief.