Politics & Government

May 12, 2009 6:41 PM

Breathing easier after bank stress tests? You shouldn't

Largely unnoticed in last week's government report on the condition of the nation's biggest banks was the disclosure that five of them, topped by Bank of America, could lose $99 billion from the kinds of exotic bets that sank the global economy. There's more. The banks' quarterly financial reports show that 17 of the 19 largest banks could lose as much as $568 billion on derivatives if the economy worsens.

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