The Fed is Changin' Things Up! Are Banks Ready to Run?

Mama Always Said the Fed Was Mysterious

Now I'm not a smart man Jenny but I know what the Federal Reserve is tryin' to do. Seems like they're messin' with those bank stress tests again. Like Mama always said 'Life is like a box of chocolates you never know what you're gonna get.' And these stress tests well they're kinda like that for the big banks see. One minute they think they're doin' okay the next BAM! The Fed's tellin' them they gotta have more money or somethin'.

Run Banks Run!

So what's new? Well seems like they're gonna average the results over two years now. That way it ain't such a rollercoaster ride kind of like runnin' across America one step at a time stead of tryin' to do it all in one go. And they're givin' the banks a little more time too. Used to be they had till October now they got till January to figure things out. Maybe they can spend Thanksgiving thinkin' 'bout it like I spent Christmas in Vietnam thinkin' 'bout Jenny.

More Time Than Shrimp Boats Have Shrimp!

That's three extra months folks. More time than Lieutenant Dan spent yellin' at me in the army. More time than it takes to catch all the shrimp on a shrimp boat. 'Course you can't catch all the shrimp on a shrimp boat but that's not what I am talking about. Anyway the Fed hopes this helps them get things figured out.

Streamlining? Sounds Like a Good Scrubbing!

The Fed also said they're makin' things easier with all the information they ask for. Streamlinin' they call it. Sounds like a good scrubbin' to me like when Bubba and I had to clean the latrines. But the Fed is sayin' it will help them gather information.

Not Too Much Changin' Just Like My Haircut!

Now here's the kicker Jenny. The Fed says none of this is gonna change how much money the banks gotta have. It's like gettin' a haircut – you look different but you're still the same ol' you underneath. They just want to make it clearer less jumpy. 'Cause like Jenny said 'You can't go around just whacking people with stress tests!' or somethin' like that.

And That's All I Have To Say About That!

So there you have it. The Fed's tinker'n with the bank tests. Maybe it'll make things better maybe it won't. But like Forrest Gump always says 'You gotta put the past behind you before you can move on.' And I guess that goes for banks and the Federal Reserve too. Run banks run!