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BofA Accounting Mishap Reveals Flaws In Fed's Stress Tests

By Evan Weinberger (April 30, 2014, 6:24 PM EDT) -- A $4 billion accounting error that caused the Federal Reserve to suspend Bank of America Corp.'s capital plan on Monday raised questions about how much stock the public should take in the Fed's stress tests, and experts say there may be little the Fed can do to increase confidence in the annual assessments of the banking system's health....

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