And in other good news that makes you want to cry in your beer...

[Javaman]

http://globaleconomicanalysis.blogspot.com/2009/04/treasury-to-delay-reporting-bank-stress.html

Treasury To Delay Reporting Bank Stress Test Results

The U.S. Treasury Department is planning to delay the release of any completed bank stress test results until after the first-quarter earnings season to avoid complicating stock market reaction, a source familiar with Treasury's discussions said Tuesday.

The Treasury is still talking about how results of the regulatory stress tests on the 19 largest U.S. banks will be released, and may disclose them as summary results that are not institution-specific, the source said.

The source, speaking anonymously because the Treasury has not made a final decision on what to disclose, said officials do not want any test results released before the earnings season wraps up for most U.S. banks on April 24.

The tests are designed to determine the depth of banks' capital holes if conditions deteriorate further. After the tests are completed, the banks will have six months to either raise private capital to compensate, or accept government funds.

[MercutioATC]

1. We have the data, but we don't want to screw our buddies on Wall Street.

Didn't we elect the person who appointed these people?

[xchrom]

2. huh? is this info a threat somehow?

if info like this is a threat to economic security -- then we have just gone through the looking glass -- we are deep into Never Never Land.

[MercutioATC]

3. Of course it is. Some banks will be confirmed to be insolvent.

...or "overly stressed" ot "batshit crazy".....whatever the possible results of a stress test are.

My guess is that there's a lot more rot than we've been told about.

[xchrom]

6. oh yeah -- no i realize that --

i just think the 'Captains of Idustry' -- wouldn't really be surprised by the awful news.

[MercutioATC]

7. I think you're right...

...they just don't want the rest of us to know.

[xchrom]

8. ain't that right -- americans might actually get angry.

musn't have that.

[MercutioATC]

9. Luckily for them, most people just listen to what the talking heads say.

If people actually did some research and formed their own conclusions...if they didn't insist on all of their "news" being chewed for them and shoved down their little gullets....the game would have ended long ago.

[xchrom]

10. you are spot on. nt

[scarletwoman]

4. You herd animals don't need to know these things. Just keep quiet and do what you're told. (nt)

[Tierra_y_Libertad]

5. "Transparent Government" = Telling you that we aren't going to tell you.

[Nickster]

11. The real scary thing is that the stress tests were really weak and based on financial situations

that we would be happy about if they were truly the "worst case" scenario.