Bair: bailout fund can handle stress test results

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by j.w. elphinstone and marcy gordon, Associated Press

The head of the Federal Deposit Insurance Corp. on Monday linked the results of recent "stress tests" on the nation's 19 largest banks to the government's belief that it won't have to ask Congress for additional bailout funds in the immediate future.

FDIC Chairman Sheila Bair said she didn't want to reveal the test results before they are made public but added, "I do believe the current resources of the Treasury will be sufficient. For now, we have the resources that we need.

Bair: bailout fund can handle stress test results

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