Friday, April 10, 2009

The Fed is Telling Banks to be Quiet About the "Stress Tests"

The Federal Reserve is instructing banks to remain quiet about the results of "stress tests."

"The Fed wants to ensure that the report cards don’t leak during earnings conference calls scheduled for this month. Such a scenario might push
stock prices lower for banks perceived as weak and interfere with the government’s plan to release the results in an orderly fashion later this month."

It's as if they REALLY and TRULY believe that this is about perception.

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