10/21/2010 08:24 am ET Updated May 25, 2011

Simon Johnson: Foreclosure Scandal Shows Banks Need New Stress Tests

How much damage to the financial system should we expect from what is now commonly called the foreclosure morass, the developing scandal involving document robo-signing (and robo-dockets), completely messed up mortgage paperwork and highly publicized inquiries into accusations of systematic and deliberate misbehavior by banks?

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