Mum on Results of Bank Stress Test

[Annie]

No information to be given to public. Just send money:

Fed Said to Order Banks to Stay Mum on ‘Stress Test’ Results - Bloomberg.com

Fed Said to Order Banks to Stay Mum on ‘Stress Test’ Results

By Bradley Keoun and Scott Lanman


April 10 (Bloomberg) -- The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of “stress tests” that will gauge their ability to weather the recession, people familiar with the matter said.

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.

“If you allow banks to talk about it, people are just going to assume that the ones that don’t comment about it failed,” said Paul Miller, an analyst at FBR Capital Markets in Arlington, Virginia....

 

[editec]

Good thing we live in the INFORMATION AGE, isn't it?

 

[stekim]

Of course, if the information was released the public would have no idea what it means anyway. They might as well issue the press release in Farsi.