Here is a good catch by Eric Zimmerman at the Hill:
Sen. Richard Shelby (R-Ala.), the top ranking Republican on the Senate Banking Committee, thinks the government should keep the results of bank “stress tests” under wraps.
The tests are intended to reveal which banks need more capital. Preliminary results, leaked to the Wall Street Journal, indicate that 10 of the top 19 banks will need more capital. Full results will be made public on Thursday.
“What’s interesting, and perhaps disturbing to a lot of people, that they publicized all these stress tests for the 19 top banks,” Shelby said on MSNBC’s Morning Joe. “And now there’s a lot of expectations, either up or down, coming out of this.”
What is he thinking?