We Stress Test - The Bigger Banks

When you see what stress testing often seems to be put out, there's also a shock to a mathematical model. You don't actually have the banking system as part of your actual model. That's why I built that very simple Minsky model to show high rise in interest rates if you had mark to market values of bonds could send the entire financial sector into negative equity. And this has basically hit them from the side because what should be the prime responsibility is not something they're actually trained to handle.