• The aim of practical politics is to keep the populace alarmed, and clamouring for safety, by menacing it with an endless series of hobgoblins, all of them imaginary. - H.L. Mencken

Irish Banks passed 'Stress Tests' - Irish Economy didn't. The lesson for Australia.
By Chris Leithner  
Thu, 02/12/2010 - 3:49pm
Tue, 23/11/2010 - 11:00pm

From 612 ABC Radio with Steve Austin:

To avoid financial catastrophe, banks have to pass what's called a 'stress test' in order to demonstrate they can sustain their loan activities - unlike what's currently happening to the banks in Ireland....But wait a minute. They all passed their stress tests. What's going on? Chris Leithner investigates.