RSS FeedThis entry was posted on Friday, April 24th, 2009 at 1:53 pm and is filed under financial crisis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
I will be discussing the bank stress tests on CNBC's Kudlow Report tonight at 7 PM Eastern. [Here's the video of Bob McTeer on Kudlow]
One Response to “Bank Stress Tests on Kudlow Report”
Leave a Reply
April 28th, 2009 at 12:58 pm
I think you (& Bill Isaac) are both correct. The Bank Stress Test has bound the hands of the Treasury Dept.
The only feasible answer on May 4 is “All 19 banks are in good health and the Stress Test reveal that each will function in the foreseeable economic climate. The Fed, The FDIC and the Treasury stand ready to lend assistance is this assessment proves to be inaccurate.” (or some other politically neutral words.
I hope someone at the press conference asks for the banks CAMEL ratings.
Keep up the good work