A warm welcome to the program. Lets talk about stress. The Federal Reserve rejected the capital plan for banks. Jonathan ferro has details for us. Jon . Youre not stressed. I am, quite often. The fed says no. I think that is big news overnight. For citigroup. Plans to buy back shares and boost dividends. They are going to have to readdress plans. Two rounds no those tests. Think of the first one as what if . What if unemployment peaked at 11 . House prices fell 25 . Can these banks withstand a recession . St week the big guns all passed. The result is about taking into account their capital plans. It is very subjective. It wasnt just citi that failed. Hsbc. Santander. It is really interesting. On the quantitative measures to peer one capital, they pass. They passed in that sense but they failed on the processes. R. B. F. . Does it mean for it is r. B. S. . It is planning to sell shares. Revenue and losses under economic stress. How many problems did this bank have . This is one of them
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we have checked all over the country. this is a good place. [inaudible] we used to be in broward county. and now. you would say the wrong thing. i hear that. how are you? good to see you. nice to be with you. how are you? good to see you. nice to see you. [inaudible] you should be able to do better. the problem ais [inaudible] [inaudible] they are all like this, right? good morning, everyone, and welcome to at charlestown retirement community. our senior tent town hall with ben cardin. at a nice crowd here. we re fortunate to have our friends and guests from c-span filming today s events so that others can share in the wonderful news the center will tell us about. let me introduce a couple of guests here today. from our partners at st. agnes hospital, he dr. adrian long and surely such an. thank you for attending. shirley sutton. the delicate jimmy malone, you may know him. [applause] delagate jimmy malone, you may know him. charles tucker. the preside