Perverting the 'stress tests'


It appears that banks will get a "do over" on the government's stress tests, which are meant to determine whether the banks have enough capital. Once the tests are completed, weaker banks will need to raise money in the private markets. If they can't, the federal government may step in with additional cash.

But when is a test not a test? When the person or entity being tested gets to contest results and challenge the conclusions of what is supposed to be an accurate and objective evaluation.