The List of Banks that failed the stress test
April 8, 2009
Reuters is reporting that The U.S. Treasury Department is going to delay the release of the results of the bank stress test until after the first-quarter earnings, stating they are concerned about a complete melt-down in the financial markets when the results are made public.
US officials are worried about how the market will react to the stress test results and the last thing Treasury wants to do is set off a panic.
Evidently the results of the stress tests are far worse than expected and the U.S. Treasury Department is fearful of releasing this catastrophic report on top of their earnings report… in effect showing a double whammy that may send the market down into a black hole type spiral…. akin to the near 1000 point drops per day we were seeing late last year.
Most of the readers of this outlet are in Advertising, if you guys were running the show, would you release that much bad news in a single week… especially if you knew it was going to be really bad…. the only cause for the delay has to be worse than expected results for the stress test… clearly they are scared of a market meltdown…
It’s ugly people, really ugly.
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Paula Hood
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Paula Hood
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Paula Hood


