Apr 15, 2009

Good-bye Secrecy We Hope

U.S. Planning to Reveal Data on Health of Top Banks (by David E. Sanger and Eric Dash, NYT):
"As it tries to restore confidence in the financial system, the Obama administration is preparing to disclose the conditions of the 19 biggest banks in the country."

Worth noting that Roubini says we ought to consider taking reported U.S. Bank Earnings in the first quarter with a pinch of salt.

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