Results Of Bank Stress Tests Leak Ahead Of Report, Many Banks Don't Have Enough Money

[cal04]

Many Banks Don't Have Enough Money To Survive If Economy Worsens
http://www.news4jax.com/money/19380185/detail.html

Government stress tests are expected to show that nearly a dozen of the nation's largest banks do not have enough money to survive if the economy worsens and will need to raise billions of dollars as a precaution.

Findings of the government's long-awaited tests of 19 banks leaked out Wednesday, a day ahead of an official announcement.

Investors cheered reports that American Express, JPMorgan Chase and Bank of New York Mellon have enough capital to endure and even pushed up the stocks of banks that may need more capital.

But the public nature of the assessments also raised questions among some critics about whether the findings will reflect the banks' actual conditions.

[Mike 03]

1. The leaks are intentional to warn investors, don't you think? I could be wrong

but that is what I think. NT

[Telly Savalas]

3. Anybody with an internet connection has access to the leaked info.

And the leak comes a day before the official announcement.

I'm not really sure what the impact of such a warning is supposed to be.

[peacetalksforall]

2. That third paragraph is a set up.