BAILOUT MANEUVERS
BAILOUT MANEUVERS
When Washington unveiled plans to subject big banks to "stress tests" to see how they would fare if the economy got even worse, regulators indicated the results would stay secret to avoid spooking investors and setting off bank runs. Now, Uncle Sam is thinking again, on the theory that keeping investors in the dark could torpedo confidence if word leaked out about which banks got bad grades, said The New York Times on Apr. 15. Meantime, The Wall Street Journalreported that Treasury may name Herb Allison, the former TIAA-CREF chief brought in to run Fannie Mae last fall, to head the financial stabilization office. That would leave another high-profile vacancy at the government-run housing giants, which have seen a rush for the exits in recent months.
See PAGE 019 "Banks Aren't in the Clear Yet"
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