Stress Test "Charade"

When: Oct. 10
What: After passing the E.U.'s stress test in July, Dexia, the French-Belgian lender, was in the process of being broken up after losing access to short-term funding. Dexia said on Oct. 10 that it would receive a 90 billion euros ($127.3 billion) bailout from France, Belgium, and Luxembourg to avoid collapsing. That spooked investors by raising the question of whether other banks would fail in the Euro crisis. "The stress-test exercise was a charade," wrote Bloomberg News columnist Jonathan Weil.