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Economy
Bank stress test results to be delayed (disastrous)
2009-04-09
Thinter: put the URL in the source box; do NOT embed in the article. AoS.
WASHINGTON, April 7 (Reuters) - The U.S. Treasury Department is planning to delay the release of any completed bank stress test results until after the first-quarter earnings season to avoid complicating stock market reaction, a source familiar with Treasury's discussions said on Tuesday.

The Treasury is still talking about how results of the regulatory stress tests on the 19 largest U.S. banks will be released, and may disclose them as summary results that are not institution-specific, the source said.

The government is testing how the largest banks would fare under more adverse economic conditions than are expected in an attempt to assess the firms' capital needs. The tests are due to be completed by the end of April, but Treasury has said they may be finished before then.
Posted by:Thinter Cluper9484

#3  Apparently my cache reset again.

I took a little liberty with the 'disastrous', but why would they withhold 'good' reports???

Sorry about the embed.
Posted by: logi_cal   2009-04-09 21:03  

#2  Nah! The news at 5:30 said all (17?) were in good shape - passes the 'stress test'.

The Press wouldn't lie for the President, would they?
Posted by: Bobby   2009-04-09 06:06  

#1  As long as the fewest possible people realize how many major banks are insolvent, we'll muddle through this somehow.
Posted by: Anguper Hupomosing9418    2009-04-09 01:49  

00:00