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Can it possibly get any worse than this?
On the one hand we have the Fed's Don Kohn cooing soothing words to the hoi polloi...
On the other hand these so called "sound borrowers for repayment" that are supplying all that equally sound "underlying collateral", are apparently not sound enough to tolerate much disclosure; at least in the view of the regulators...:p
On the one hand we have the Fed's Don Kohn cooing soothing words to the hoi polloi...
Kohn Says Emergency Loans Unlikely to Harm Taxpayers
April 18 (Bloomberg) -- Federal Reserve Vice Chairman Donald Kohn said that while the central bank’s emergency lending programs aren’t creating a significant risk for U.S. taxpayers...
...Kohn said the Fed would disclose more details on its loans and borrowers involved in central bank programs “in coming weeks.” The Fed’s refusal to provide such information prompted a lawsuit by Bloomberg News in November...
...“We are not taking significant credit risk that might end up being absorbed by the taxpayer,” Kohn said in a speech at a conference at Vanderbilt University. “For almost all the loans made by the Federal Reserve, we look first to sound borrowers for repayment and then to underlying collateral.”...
April 18 (Bloomberg) -- Federal Reserve Vice Chairman Donald Kohn said that while the central bank’s emergency lending programs aren’t creating a significant risk for U.S. taxpayers...
...Kohn said the Fed would disclose more details on its loans and borrowers involved in central bank programs “in coming weeks.” The Fed’s refusal to provide such information prompted a lawsuit by Bloomberg News in November...
...“We are not taking significant credit risk that might end up being absorbed by the taxpayer,” Kohn said in a speech at a conference at Vanderbilt University. “For almost all the loans made by the Federal Reserve, we look first to sound borrowers for repayment and then to underlying collateral.”...
Bank Regulators Clash Over U.S. Stress-Tests Endgame
April 18 (Bloomberg) -- The U.S. Treasury and financial regulators are clashing with each other over how to disclose results from the stress tests of 19 U.S. banks, with some officials concerned at potential damage to weaker institutions.
With a May 4 deadline approaching, there is no set plan for how much information to release, how to categorize the results or who should make the announcements, people familiar with the matter said. While the Office of the Comptroller of the Currency and other regulators want few details about the assessments to be publicized, the Treasury is pushing for broader disclosure...
...“Our biggest fear is that it becomes a confidence-eroding episode at just the wrong time.”...
April 18 (Bloomberg) -- The U.S. Treasury and financial regulators are clashing with each other over how to disclose results from the stress tests of 19 U.S. banks, with some officials concerned at potential damage to weaker institutions.
With a May 4 deadline approaching, there is no set plan for how much information to release, how to categorize the results or who should make the announcements, people familiar with the matter said. While the Office of the Comptroller of the Currency and other regulators want few details about the assessments to be publicized, the Treasury is pushing for broader disclosure...
...“Our biggest fear is that it becomes a confidence-eroding episode at just the wrong time.”...
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