Last week, the results of the Federal Reserve 2012 Comprehensive Capital Analysis and Review (CCAR) were announced and fifteen out of the nineteen banks tested passed.

FORBES: Banks Pass Fed Reserve Stress Test -- The Question Remains, Would You?

Even with the recent winding down of debt levels, consumer credit (excludes mortgage payments) as a percent of personal income has grown from 15.5% in 1975 to 20.6% in 2009 according to data by the U.S. Bureau of Economic Analysis and the Federal Reserve.

FORBES: How Important Is A Housing Recovery?

Yesterday after the market close, the Federal Reserve announced the results of Comprehensive Capital Analysis and Review (CCAR).

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