"Stress test" - my ass

So, 11 months after Bankia passed the famous "stress test" imposed by the European Banking Authority (EBA) the Spanish state now feels forced to save the bank by taking a 45% stake in the bank (converting state-backed loan of 4 456€ to shares).

What the f**k did the "stress test" test, if it was not able to detect something wrong in a bank which, 11 months after, is described in the following manner by the Wall Street Journal: "...Bankia encapsulates all that has gone wrong with Spain's banking system." (Link)

Why should we trust any of these "quality stamps" that states or Europe willingly hand out, if we time after time can see that the quality of the quality stamps is, at the very best, questionable. Obviously these tests are made to calm down people for a while, rather than actually detect "rotten apples" in the basket.

There were voices already from beginning saying that the test was too lame (For instance, The Economist). Why did nobody listen to these voices?

I always try to teach my daughters to tell the truth. A person who lies will always know inside their heart that the have been dishonest.

But, in cases where a lie might be a way to avoid a worse situation, I also recommend them to never lie about anything that soon will be known anyway. Those lies will only make you look like a fool and non-worthy of your trust. As EBA right now.