The U.S. Treasury and financial regulators are clashing with each other over how to disclose results from the stress tests … with some officials concerned at potential damage to weaker institutions.

With a May 4 deadline approaching, there is no set plan for how much information to release, how to categorize the results or who should make the announcements … If all the banks pass, the tests’ credibility will be questioned, and if some banks get failing grades and are forced to accept more government capital and oversight, they may be punished by investors and customers.
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A statement on the methods is scheduled for release April 24. …

And they’re busy trying to make the least failing banks look like they’re in the ‘best’ position without their government handouts. But unfortunately, without government handouts, all the biggest would probably be gone now.

Via CR.

Tags: bitch bitch bitch, depression 2.0

This entry was posted on Saturday, April 18th, 2009 at 08:30.