Treasury Secretary Geithner is on a roadshow to prepare the markets for the results of the stress test.
Last night, he was on Charlie Rose (PBS) talking about the benefits of the stress tests:

There was also an Op-Ed piece in the NY Times written by Treasury Secretary Tim Geithner on “How We Tested the [...]

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How long does will it take for Treasury Secretary Tim Geithner to realize that his comments move markets? When he first took office, he mistakenly threatened to brand China as a currency manipulator. This caused a wave of volatility in the currency market and sharp criticism about the experience of the new Administration. [...]

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The effectiveness of the Treasury’s Public Private Investment Program hinges upon whether private investors will take the carrot that the Treasury is offering them. In order to buy into the program, not only do private investors need to be confident that the assets will appreciate in value, but also that the U.S. [...]

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Expect banks stocks to soar on this announcement. Geithner is slated to speak at 12:45pm to reiterate the details on the Treasury’s Public Private Partnership investment program to move toxic assets off bank balance sheets:

Fact Sheet
Public-Private Investment Program
The Financial Stability Plan - Progress So Far: Over the past six weeks, the Treasury Department has [...]

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The Treasury Secretary has finally spoken and the markets are disappointed!
The price action in the currency markets suggests that investors are disappointed by the lack of details from the Treasury’s new Financial Stability Plan and are skeptical about the effectiveness of getting the private sector involved. Furthermore, investors are not happy about being apart [...]

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