Bailout oversight panel: More stress tests, please


Should regulators subject bank balance sheets to further stress tests? That's the recommendation of the panel charged with overseeing the administration of the Treasury Department's bailout fund in a report to be presented to Congress today.

Critics of the tests have long complained they weren't tough enough or transparent enough to prove that financial institutions were healthy. The oversight panel, led by Harvard law professor Elizabeth Warren, seems to agree. But Treasury Secretary Timothy Geithner has publicly called last month's stress tests a "one-time" event, so any further examinations seem unlikely.