Stressed Tests 1
Bloomberg (emphasis added):
(snip)
“The program was misconceived from the beginning,” said Colleen Kelley, president of the National Treasury Employees Union, which represents the examiners. “Employees believed the procedures were directed more at reducing examination hours than at ensuring proper supervision.”
The program started in 2004.
The cynical amongst us might consider it as part of the “why regulate anybody, the monied classes can do no wrong” policy of the Republican Party.
November 10, 2009 at 10:12 am
You mean it wasn’t???????