If you have "no place to go," come here!

Will George Orwell please pick up the white courtesy phone?

We have some language for you to take a look at. Ari Gibbs:

More discretion earlier in the process may have been useful, but at this point, investors are keen for information, and do not want to wait. Regulators are stress-testing 19 banks, and told banks the preliminary results on Friday. Banks can contest the results, and government officials have said they will release results in some form next week.

A White House spokesman said on Friday he expected some major banks to release their own results and that the Obama administration would disclose some data as well.

"Our strong inclination is to provide transparency," Robert Gibbs told reporters. "I think you'll see some banks release on their own some of the results and we'll release what we deem applicable."

"Some" transparency. Sorta like "some" virginity, eh?

Maybe Gibbs should start saying "translucency" instead of "transparency"? Would that work?

No votes yet


vastleft's picture
Submitted by vastleft on

Still, that's better than their brand of transparency, in which the info is completely invisible. So much better to have it cherry-picked, keeping the hoi polloi pleasantly quasi-informed. Change you can kinda see if you squint your eyes, tilt your head sideways, and creatively fill in the yadda-yadda-yaddas!

okanogen's picture
Submitted by okanogen on

We're already subjecting them [the poor dears] to stress positions tests, it's just one small extra step. Investors are keen to get information! Don't wanna to wait! This is an emergency! Dollars are hanging in the balance!

Maybe if the banks were waterboarded they will cooperate more quickly?