Wednesday, April 8, 2009

Clueless Treasury Is At It, Again

It's clear Treasury officials only know how to rig stocks and have never honestly traded stocks. They simply have no clue as to how markets will react to their moves.

The latest news is that Treasury is planning to delay the release of any completed bank "stress test" results until after the first-quarter earnings season to avoid complicating stock market reaction, a source familiar with Treasury's discussions said on Tuesday, according to Reuters.

WTF!? To avoid complicating stock market action? By not announcing who is on the government's hit list, it puts a cloud over almost all major bank stocks. The way you end roller coaster rides in the stock market is by getting the bad news out of the way, not be letting speculation run rampant as to who is protected by Big Brother and who is not. Clueless.

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