“Yesterday, the FED issued a report on the lack of capital — too much leverage — of America’s largest banks. In its evaluation, the Federal Reserve found that firms needed to improve a number of aspects of their capital planning processes, including their accounting for risks most relevant to the specific business activities, their methods of projecting the effect of certain stresses on their capital needs, and their governance of the capital planning processes. The banks ‘need to improve on a number of issues’? They do? And if they don’t, what will the FED do about it? It will issue another report.”

http://teapartyeconomist.com/2013/08/20/federal-reserve-issues-toothless-report-on-the-big-banks/

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