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The Fed Is Posponing the Release of Stress Test - Not Good!

Bloomberg is reporting this morning that the Federal Reserve is postponing the release of the bank stess test.  The reason?  So they can spin... er present the results "properly."&...

"Regulators and bank executives are concerned about how the disclosure is handled because weaker institutions could suffer a collapse in their stock prices."

No kidding?!

If the stress test results are to be taken seriously, there needs to be transparency and credibility.  Let the chips fall where they may.