Hey Nineteen

According to the stress tests, Bernanke and Geithner say the banks need $75 billion in fresh capital to weather an economic storm worse than expected:

Under the worst-case scenario - an unemployment rate of 10.3 percent, an economic contraction of 3.3 percent this year and a 22 percent further decline in housing prices - the losses by the 19 banks could total $600 billion this year and next, or 9.1 percent of the banks' total loans, regulators concluded. Losses to the banks' loan portfolios alone could total $455 billion this year and next.