Announcement of stress test results a PR victory for Geithner
Just weeks ago it seemed Treasury Secretary Tim Geithner and the bank stress tests were both doomed for failure—and maybe they still are. But, the announcement of the stress test results, amid numerous leaks to the press, is a victory. “Geithner managed to get it out AND get a major bank rally going during the leaks period,” Joe Weisenthal wrote for Business Insider ’s Clusterstock blog. “Every time a bank was revealed to have been deficient, they went up. If only due to the…
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