Stress Test Leaks
Jeffrey Miller (May 6th, 2009) Writes:
Here at "A Dash" it seem like amateur hour in analyzing the stress tests and the various leaks.
People who have little experience with government and policy making are rushing to judgment about the process.
Let us consider a prominent example. David Wiedner at the WSJ writes as follows:
On the eve of the official announcement, the U.S. Treasury Department and the Federal Reserve are leaking stress-test results like pipes in a 100-year-old house.
Out of the tens of thousands of readers of his column, we are probably the only ones who clicked through to all of the sources and tried to determine what the journalists said. None of them are citing a "high government official" or a "well-placed government source." Quite the opposite, and no support for the allegation.
We had a similar experience today on RealMoney, TheStreet.com's site ...
Tags for this Post:
bank accountants;, bank bears;, bank regulation;, bloomberg, Bush, Congress, David Wiedner;, Federal Reserve System, given bank;, Jeff Miller, John Carney;, Linda Lord;, Market Commentary, media criticisms;, Media reports, news services, Sheila Bair, U.S. Treasury Department, wider media;
bank accountants;, bank bears;, bank regulation;, bloomberg, Bush, Congress, David Wiedner;, Federal Reserve System, given bank;, Jeff Miller, John Carney;, Linda Lord;, Market Commentary, media criticisms;, Media reports, news services, Sheila Bair, U.S. Treasury Department, wider media;


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