What would make this all worth it is if we found out that when Citi and Bank of America submitted their rebuttals to the suggestion they need to raise more capital, they purposely told the government things are so much worse than anyone knows and sharing that information with the public would be deadly. The results should be put in the lock box and never let out (if none is on hand, Geithner must eat the documents). Don't think they have the pair or the brains for such a conniving scheme, unfortunately, but if you're reading boys, that was a free one.
The results, originally scheduled for publication on May 4, now may not be revealed until toward the end of next week, said the people, who declined to be identified. A new release date may be announced as soon as tomorrow, they said.Regulators and bank executives are concerned about how the disclosure is handled because weaker institutions could suffer a collapse in their stock prices.
"Everybody understands they've got a tiger by the tail here," said Mark Tenhundfeld, a senior vice president at the American Bankers Association in Washington. "If they don't let him go gently there will be a lot of mauling going on."
Alternative theory: Bernanke, Geithner, etc were starting to get the strange feeling everyone thinks these "tests" are meaningless, and decided something had to be done to up the drama factor. To that end, tomorrow a video of T. Geith opening up the file on, I don't know, Goldman, and shitting his pants will be "leaked" onto YouTube, by user BigSwinginFedChair. Maybe then you people will start to take this thing seriously.
U.S. Stress Test Results Delayed as Early Conclusions Debated [Bloomgberg]
Posted by guest , Apr 30, 2009 10:10PM
amazing
Posted by guest , Apr 30, 2009 10:10PM
this gets better every day
Posted by guest , Apr 30, 2009 10:17PM
USA = Banana Republic
Posted by guest , Apr 30, 2009 10:33PM
I don't know about having a tiger by the tail but they've got a Pandit by the puss
Posted by Anal_yst , Apr 30, 2009 10:33PM
Where is the Geico Caveman? I'm pretty sure he could sum this up just about perfectly...
Posted by guest , Apr 30, 2009 11:44PM
I have my secretary by the ass which I am currently pounding.
Posted by guest , May 01, 2009 12:14AM
From the article:
“You can read between the lines on it (GS's announced sale of new debt and stock) that nothing adverse will be coming out next week about Goldman."
WTF? Is that the correct interpretation? Wouldn't it be just the opposite?
The Guy from Delaware
Posted by guest , May 01, 2009 12:27AM
They used to say how GM goes so goes the country. Think we are going to need a new candidate for that particular phrase.
Posted by guest , May 01, 2009 12:29AM
the comment about geith actually made me lol
good job
Posted by guest , May 01, 2009 5:13AM
Bloomberg News is either mistaken or spreading misleading information. The Stress Tests Results have not been delayed. The Fed & Treasury had already stated that the results would be released during the week of May 4th. The WSJ (and others) had reported this past Monday (and maybe even earlier) on just that information. Not sure why Bloomberg is making it seem like they are breaking a brand new story.
From the WSJ on April 27th (Monday):
"While the Fed initially planned to release the results of the stress tests on May 4, the government says the results will be released sometime that week."
http://online.wsj.com/article/SB124088901025362487.html
Posted by guest , May 01, 2009 5:14AM
Bloomberg News is either mistaken or spreading misleading information. The Stress Tests Results have not been delayed. The Fed & Treasury had already stated that the results would be released during the week of May 4th. The WSJ (and others) had reported this past Monday (and maybe even earlier) on just that information. Not sure why Bloomberg is making it seem like they are breaking a brand new story.
From the WSJ on April 27th (Monday):
"While the Fed initially planned to release the results of the stress tests on May 4, the government says the results will be released sometime that week."
http://online.wsj.com/article/SB124088901025362487.html
Posted by NotNasser , May 01, 2009 10:16AM
Is there deep significance to be found in the fact that this material about the "stress test" appears directly below an ad featuring cyclist Lance Armstrong selling some sort of pill?
Hmmmm.