by Bill McBride on 4/30/2009 05:54:00 PM
Thursday, April 30, 2009
U.S. officials are leaning toward announcing the "stress test" results of individual banks next week instead of just summary results ...Transparency is important. It seems the basic principle should be: Banks that require public support should disclose the details of the stress tests to the public.
The plan on exactly how to release the results "is not very far along," the source said, adding that regulators are looking to disclose a lot of supervisory information about banks that is usually kept confidential.
If a bank does not want to disclose details of the stress test - no problem, they are a private enterprise. But shouldn't they immediately return any TARP money and stop using any special Fed/FDIC/Treasury liquidity programs?
Posted by Bill McBride on 4/30/2009 05:54:00 PM