Obsolete Certainty

U.S. banks have reportedly been told by Federal regulators not to go public with the results of the so-called government stress test. I seems that the government may be worried that the unwashed masses (aka the taxpayers funding all these bailouts) will be able to determine which of the 19 large banks may not have passed if a bank doesn’t brag about positive results.

Of course there is also the view held by William Black, a former bank regulator, that the stress test exercise is just a “complete sham” derived to fool the unwashed masses into believing everything is fine with the world.