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Fed Said to Order Banks to Stay Mum on ‘Stress Test’ Results



Camden Fine, president of the Independent Community Bankers of America, said in an interview yesterday. “That’s the tricky part. If they don’t give out enough information or the information is presented in the wrong way, that could cause markets to plunge.” (emphasis mine)


soooooo............. basically you're saying that if "We don't figure out how to put the right spin on it, even the sheeple will know that we're in deep doo doo?"....... Can't have that now can we?......... you know...... the truth?


Banks should stay silent because a focus on the tests would be “a harmful distraction” from earnings, said Scott Talbott, senior vice president for government affairs at the Financial Services Roundtable in Washington.

“It is premature for banks to talk about the stress tests,” Talbott said yesterday. “They aren’t finalized yet and there is no framework to evaluate the results.” (emphasis mine)


So, basically they are saying......

 "Ve vill only tell vhat ve vant to tell, in vee vay zat ve vant to tell it"

 gotta keep the manipulation going right?

 Got Gold?