Friday, April 24, 2009
Why the "Stress Tests" are Bunk
Michael Brush gives his explanation as to why the stress tests are useless, but I happen to feel that anything short of full disclosure will always be perceived as holding back something. Just publish all of the results and let the chips fall where they may. I can't believe the government is overtly trying to manage to release of this information, shortly after encouraging accountants to be more forthcoming in their approaches.