THE FEDERAL RESERVE AND THE IMF AGREE.

I'd been hearing that the Federal Reserve's estimates for how much capital the banking system would need were quite a bit lower than the IMF's. More evidence that the stress tests are optimistic and that Geithner is a Wall Street stooge! But James Surowiecki digs deeper into the numbers and finds that they're actually quite close. "Unless you think the I.M.F.’s estimates are unrealistic or softballed," he concludes, "it’s simply wrong to call these results a whitewash."

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