Tuesday, March 27, 2012


Just got in.  I hope nothing earth shattering happened today, so let me gather my thoughts and sally forth tomorrow.  Thanks for waiting.

Oh, almost forgot.  As it turns out Citibank still "failed" the stress test for what it's worth.  The errors did not involve accounts of a sufficient size to change the result.  Nevertheless, the exercise remains as a perfect example of how not to run a central bank.

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