The U.S. Treasury and financial regulators are clashing with each other over how to disclose results from the stress tests of 19 U.S. banks, with some officials concerned at potential damage to weaker institutions.
With a May 4 deadline approaching, there is no set plan for how much information to release, how to categorize the results or who should make the announcements, people familiar with the matter said. While the Office of the Comptroller of the Currency and other regulators want few details about the assessments to be publicized, the Treasury is pushing for broader disclosure.
MarketWatch has more.
More is better than less here. The public needs to know just how badly these Wall Street clowns have screwed up. Certainly, “consumer confidence” is not an issue. Consumers have no confidence.
No purpose other than clown preservation is served by concealing truth.