U.S. Stress Test Results Delayed as Early Conclusions Debated

[Pale Blue Dot]

The Federal Reserve will postpone the release of stress tests on the biggest U.S. banks while executives debate preliminary findings with examiners, according to government and industry officials.

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.”

The 19 firms include Citigroup Inc., Bank of America Corp., Goldman Sachs Group Inc., GMAC LLC, MetLife Inc. and regional lenders including Fifth Third Bancorp and Regions Financial Corp. The banks in the test hold two-thirds of the assets and more than half of the loans in the U.S. banking system, according to a Fed study released April 24.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aYN.RjdIR9Hg

[rpannier]

1. In other words...

We're f*cked worse than we thought.

[marketcrazy1]

2. you got this all wrong

since the banks made up most of the numbers themselves the problem is that they look TOO good! so they need to tone them down a tad so they will be believable!!

[Hugin]

3. Good point!

How are they going to qualify for all of those free money bailouts to report as 'profits'!

[leftofthedial]

4. This entire bailout is the biggest scam in history.

It dwarfs the illegal invasion and occupation of Iraq, which had been the biggest.


This is theft, pure and simple. I can't believe that Obama does not see it. I don't want to believe that he's complicit.