"The Great Recession put millions of homeowners underwater on their mortgages. Since then, the Congress has required periodic “stress tests” on large financial institutions to see whether they could withstand another economic blow.
Now several Democratic presidential candidates, including the high-polling Sen. Elizabeth Warren (D-Mass.), want big banks to make sure they can handle a different sort of financial impact — one involving homes literally going underwater.
They signed onto a new bill that would test whether big banks have the assets on hand to absorb risks associated with climate change."
Dino Grandoni reports for the Washington Post November 20, 2019.
Source: Washington Post, 11/21/2019
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