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Tuesday, June 09, 2009

Obama's TARP Overseer: Let's Re-Run Stress Tests

Elizabeth Warren, Obama's overseer of TARP and a woman who never saw a financial institution she didn't believe was crooked, would like to re-do the bank "stress tests" with tougher assumptions.

Just when you didn't think this administration could be any dumber....just as the banks are beginning to regain confidence, Warren wants to introduce more doubt and uncertainty into the markets. Completely absurd. This is just another reminder why the U.S. economy will likely not regain its historic 3%+ growth rate until Obama is out of office. At the instant a silver lining appears, they are ready to either spend more, tax more or regulate more.