The Federal Reserve says four major banks failed to show they have enough capital to survive another serious downturn. The list includes Citigroup, the nation's third-largest bank.
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Not that getting the Fed's stamp of approval means that all is peaches and cream, but seeing any major bank take a dive is good for the ones that survive, not for a free market or the taxpayers paying the lion's share of the bailout costs for a industry that needs to be cut loose and allowed to fail or succeed without a safety net, just as small businesses which tend to operate more responsibly in regard to risk.
Original Page: http://www.kvue.com/home/Citibank-3-others-fail-Fed-stress-test-15-pass-142530405.html
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