Friday, April 24, 2009

Peak Oil Financial Crisis: "Fed says gov't ready to save stress-tested banks," By Daniel Wagner, Associated Press, April 24, 2009

"WASHINGTON – The government signaled Friday that some distressed banks will need to raise more cash to meet stricter standards it has set for the 19 financial firms that took its "stress tests" and suggested it's ready to step in with more federal help."

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