Big banks are suing the Fed over stress tests
On Point with Meghna Chakrabarti
WBUR
4.3 • 3.9K Ratings
🗓️ 3 February 2025
⏱️ 48 minutes
🧾️ Download transcript
Summary
After the 2008 financial collapse, the government required big banks to undergo annual stress tests. Now, those banks are suing to overhaul the stress tests. What does that mean for the stability of the financial system?
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| 0:49.0 | For those of us old enough to remember it, |
| 0:52.1 | it's hard to fathom that 17 years have already passed since the 2008 |
| 0:57.7 | financial crisis. It was the worst economic crisis since the Great Depression, though |
| 1:04.0 | the Trump administration's recently launched trade war against our closest and largest and most |
| 1:09.3 | peaceful trading partners may eventually give 08 a run for that title. |
| 1:14.6 | Now, the 2008 crisis was triggered by greed, lax regulation, and trust in the financial industry to monitor itself. |
| 1:21.6 | In the years running up to that crisis, millions of home mortgages were handed out to people who eventually would not be able to pay them. |
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