Wednesday, April 15, 2009

White House to Reveal "Stress Test" Results

Knowing that revealing too much could send investors reeling, the White House has said that it will reveal sensitive data in an effort to shore up confidence in the nation's banking system.

To begin with, the only way that such confidence could even conceivably be attained would be to let the chips fall where they may and reveal ALL of the results. If we want to ensure that something remains uncertain about a bank, we would continue to hide the data. Isn't it uncertainty that the markets are battling anyway?

Also, it is not "confidence" that we want. It's revenue.

Give us good-paying jobs with paychecks that we can put into those banks and you'll have all the confidence you deserve.

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