US Stress Test for Banks

The Test results which is more of a report on the finances' of the biggest banks to see if they can stand an even worst down turn of the nation's economy and to the surprise of no one some need more money. The report says they are strong, but need about $75 Billion more dollars of taxpayers' money (most to Bank of America 34.9 Billion). Some investors say the report was too easy and some say it is too hard on the banks and just showed what the inspectors wanted to see, but I think that is true of most if not all business and government reports tend to show what we want them to show. The real question is whether the businesses such as Banks or Auto Companies should be bailed out by taxpayers or allowed to fail or nationalized. Those are the options now bailing them out maybe only a temporary solution and add to the national debt. Allowing business to fail or what is called "Free" market would result in only one company surviving in any one industry and having no comparison. Nationalization which most Americans have a fear of because they are contently being told the government would mean a big bureaucracy which is true in any case of course, but they fail to tell you that your choice is between government bureaucracy and private business bureaucracy. One working for the people and the other for profit (the bottom line) which one do you think has your best interest in mind? If we are going to put our money into banks we might as well run them and keep the credit flowing to our country's business that create jobs here.