Fed Said to Order Banks to Stay Mum on 'Stress Test' Results

Fed Said to Order Banks to Stay Mum on 'Stress Test' Results

www.bloomberg.com

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.

Regulators are using the tests to determine whether the 19 biggest banks have enough capital to cover loan losses during the next two years if the economy shrinks, unemployment surges and housing prices keep declining. The tests are a linchpin of the plan Treasury Secretary Timothy Geithner announced in February to bolster confidence in the nation’s banks and restore financial-market stability.

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The "Fed" is a private criminal-organization. So is the world-government!

We must take total control of our properties! We do not belong to the blood-thirsty world-government & their minions in the military industrial complex. They hate honest working people!

We're in charge of our own destinies! We have greater numbers than ever before. Wake up the masses & make the tyrants of the world wish they never messed with you & your loved-ones.

The Great Geithner Coverup

Economist William K. Black of the University of Missouri appeared in an interview on PBS last week with Bill Moyers. He pulls no punches in spelling out who is really responsible for our current economic disaster, and why our own Treasury Secretary is leading the charge to keep the truth covered up.

Please be sure to watch the full interview (link below) and share it with all your friends.

HOMEWORK:

Full Moyers interview with WIlliam K. Black:
www.pbs.org...

Raw Story article that inspired this video:
rawstory.com...

www.bloomberg.com
(visit the link for the full news article)

[edit on 12-4-2009 by News And History]

There has been a report by Turner Radio Network that they have access to the leaked results of the Stress Test. I have made a thread about it here on the Global Meltdown forum, in case anyone is interested.

According to this 'leak' out of top 19 banks in the nation, 16 are already technically insolvent.... More details available