Wednesday, April 15, 2009

White House: US to release bank stress data in May

by Calculated Risk on 4/15/2009 02:56:00 PM

From Reuters: US to release bank stress data in May-White House

... "Early in May, you will see in a systematic and coordinated way the transparency of determining and showing to all involved some of the results of these stress tests," White House spokesman Robert Gibbs said.

The tests will assess how much of a "capital cushion" the banks are likely to need to stay healthy, given the current economic environment, he said.

"Our hope is that banks that are not healthy, or need help, will first and foremost seek that help privately, and then we'll take steps from there to assist them," Gibbs said.
...
U.S. regulators are preparing a guide to explain to the public the bank stress tests and how to interpret the results, sources have told Reuters.
"[T]he transparency of determining and showing"? What does that mean? "Some of the results"?

And a guide on how to interpret the results? We don't need no stinkin' guide! Just show us the data.

Update: The orginal "any stinkin' badges" from The Treasure of the Sierra Madre (ht Eli)