Bank stress test has a few holes in it

Eliot Spitzer is right about Goldman Sachs. How is it possible that Goldman Sachs checks out fine in the stress test? Now that Washington is tightening the loopholes for banks paying back both TARP money and FDIC backed loans, what about the Goldman Sachs money - $14 billion - that came via AIG with no strings attached? That's a pretty big number that somehow doesn't show on this report. In total, 10 of the 19 banks require additional capital for a total of $75 billion required to properly support the banks through the recession forecasts. (All of this assumes the forecasts are accurate.)

It's easy to dismiss Spitzer's criticisms due to his personal issues (and sure, here's CNBC leading the charge, again) but he is asking the right questions. After handing over a trillion dollars to the banks with tens of billions more coming soon, where's the accountability? The initial bank CEO departures were pretty doggone good and the kind of payouts that most people dream about. Strings attached? You must be kidding! The same old crowd is not only still running the banks from the inside, but they are all over the Obama economic team, guaranteeing minimal change. If ever there was one area where we desperately need change it's in the banking system. Where the hell is it?