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NYT: Burris ? a low-key groundbreaker 1 Citation CHICAGO - In Illinois, where politics ranks among the dramatic arts (sometimes the theater of the absurd), Roland W. Burris has long been seen as steady, deliberate, even boring. For all his accomplishments ? he was the first African-American elected to statewide office in Illinois, as comptroller and later as attorney general ? Mr. Burris, a former tax accountant and bank examiner, has never quite been regarded as a political star. ?Very, very low key,? said Don Rose, a former Democratic p, technorati.com
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Recession 101: Feds' 'stress test' for banks explained 1 Citation WASHINGTON - After weeks of speculation, regulators led by the Federal Reserve are telling banks how they fared in the "stress tests" at the center of the Obama administration's financial rescue plan. Markets rallied and investors breathed a little easier Friday after a Fed news release on the methods underlying the stress tests. But the white paper, which one former bank examiner for the Fed called "not for mass consumption," left lay people wondering what it all means. US Stress-Test Ac, technorati.com
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Stress Test May Push 14 Banks to Raise Money, FBR's Miller Says 1 Citation May 2 (Bloomberg) -- U.S. Regulators may compel as many as14 of the nation?s 19 largest banks to raise common equity basedon financial stress tests due to be completed next week, saidPaul Miller, an analyst at FBR Capital Markets Corp. Miller, a former bank examiner, said his estimate assumesregulators will require banks to maintain tangible commonequity, one of the most conservative measures of capital, equalto 4 percent of their risk-weighted assets over the next twoyears, to withstand loss, technorati.com
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