clipped from: www.reuters.com   

TARP cop sees unstressful bank tests


She said, ideally, the document released by the Federal Reserve on Friday would have provided enough detail to allow outsiders to run their own version of the stress test on the largest banks. The government plans to release the results of the tests on May 4.


Warren also said the public needs details on how rigorous the stress tests really were because the macroeconomic assumptions involving unemployment were not that much more severe than current conditions.


"It looks disturbingly close to where we are now," Warren said.