Dan Tarullo has the answer.
The Elect have their own special math and don't know what the Fed is talking about.
Or "How Banks Learned To Stop Stressing And Sue The Fed."
All depends on how you look at things.
THANKS FEDERAL RESERVE.
If BriMo has said it once, he's said it a hundred times: Banking is hard, you guys.
Otherwise Brian Moynihan may have to dust off that C.V.
Or Goldman Sachs, even though it wants to be.
Part II of the Fed's stress tests results are out and the good news is that 28 banks passed and Mike Corbat can unpack his things. The less good news is that Brian Moynihan's silent prayer to get lucky just once, just to see what it feels like, was not granted.
Particularly from traders fond of making arguments along the lines of "You can't tell us what to do! You're not our real dad!"
Compared to the U.S.-based units of Deutsche Bank and Banco Santander expected to receive F's on their stress tests.