Stress testing and scenario analysis can provide valuable information about the potential risks of complex investment products, but in many cases application of such tools to structured investment vehicles appears to have been inadequate. For example, some bankers did not necessarily explore scenarios in which these vehicles' credit ratings could be downgraded.
Partnerships like the Workforce Alliance, and programs at other community colleges, are crucial to ensuring that Americans are able to advance their careers or find work after losing a job in what has been a very challenging economic time.