May 11, 2009 | Posted At: 09:29 AM | Author: Alexander Russo | Category: Obama Administration
GRADING: The Government's New "Pass Pass" Grading System
The opening of Saturday Night Live this weekend mocked the Treasury Department's watered-down standards on so-called "stress tests" for banks:
A ten-point grading system gets changed into a pass/fail system. Then pass/fail becomes pass/pass* (with an asterisk). The last and final version is -- you guessed it -- "pass/pass."
Sound familiar?
Click below to watch the clip.
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