The Fed only runs a risk of being left holding ropy assets if one of its counterparties goes bust.

美联储仅有的风险是，当它的某个借款者破产时，它还得持有着那些次级的资产。

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If the plan fails to pass, the Fed could conceivably create one itself for mortgage assets, argues Michael Feroli, economist at JPMorgan Chase.

摩根大通的经济学家Michael Feroli评论说，如果救市计划没有被通过，联储可以令人信服地为抵押资产创造一个。

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If Mr Mishkin believes the Fed should anticipate the economic consequences of a deflating bubble, why should it not anticipate the consequences of an inflating one?

如果米什金先生相信美联储可以预计泡沫破裂带来的经济后果，为什么就不能预计泡沫膨胀带来的后果呢？

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We have lived through two booms in household net worth in the last 15 years, and if the Fed wants to engineer another one, they should be taken at face value.

FORBES: Bernanke and the Big Ease: We Happy Few

Two interesting wrinkles to the latest version of these tests: banks get a one-time do over if the Fed rejects their capital plan and a key measure of risk-weighted assets has gotten more stringent.

FORBES: Don't Count On Big Dividend Hikes From America's Biggest Banks

If the plan fails to pass, the Fed could conceivably create one itself for mortgage assets, argues Michael Feroli, economist at JPMorgan Chase.

ECONOMIST: The Federal Reserve