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Sheila Bair and Thomas Hoenig: Banks’ Risks During the Pandemic Aren’t Clear
The Fed’s stress tests didn’t publish the results needed most to understand the financial sector’s ability to endure coronavirus. Transparency and public trust are essential to effective bank regulation. These guiding principles were severely compromised in the years leading up to the 2008 financial crisis. Instead of simple,
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Posted: July 7, 2020 Tuesday 06:00 AM