I smell foul play in the US banks....

[Steve_A]

Hi Everyone,

So the stress test has been done and the results given to the banks today. The banks were told to keep this information private until May 4th when an official announcement will be made with the results for us mere mortals outside the banking sector.

Seriously, what does the Treasury think it's doing? Does it really think that the bank directors won't leak the information to their buddies?

Of course all the politicains will also have a copy of this report and also their friends and families.

This is an open invitation to white colar crime. In business terms this is called priviledged information and to act on it is a crime.

If all these people know this information before the investment companies and individual Wall Street investors (who are normally the last ones to know anyway) they can dump and buy whichever stock they think fit. Then when the stools come in contact with the fan and everybody is running to the failed banks to try and get their money out, or buy stocks of the banks that faired well in this test, it will all be too late. They will ony be able to sweep up the crumbs so's to speak.

Of course each bank will only get information pertaining itself, but in this day and age of dirty deals and politics, word will spread around and there will be mutual back scratching in the loop.

Let's see what happens.

Best regards,

Steve