by Mathew Katz

The Treasury Department should stress test the banks again, Elizabeth Warren told the Joint Economic Committee of Congress today. The chair of the Congressional Oversight Panel warned that the first round was based on unemployment figures that weren't dire enough:

Let's face it, the numbers are bad and they're heading in the wrong direction. The worst-case scenario number for 2009 is in fact not the worst case. We're going to see worse numbers.

As the Treasury today announced a list of 10 banks that can start paying back the bailout money and exiting TARP, Warren's panel released a full report calling for another look.