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April 13, 2009

Stress Tests Test Disclosure Obligation

The government's games with "Stress Tests" for banks show once again that disclosure to shareholders if "for others."  Shareholders of banks that are evaluated want to know the results as soon as their executives learn them.  Yet government and bank executives do not want to reveal them.  Who wins, banks executives.  When the Stress Tests finally came out, guess what -- they will be late, negotiated, and nobody will fail.

April 13, 2009 | Permalink

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