FED SPEAK

Question: What's the difference between voodoo and Fed speak?
Answer: Nothing.

That's what the newly released 'passing grade' the Fed stamped 29 of the 30 largest banks with in their so-called stress test is, Fed Speak. Quite often government makes its net bigger under the guise of the so-called fees. The term tax is too harsh, so we'll call it fees. Big pharmaceutical does it a bit differently; they just pay researchers to produce the results they want to spread a bigger net so more patients will require their drugs. It's a great gig if one can get it.

The idea that these bankers are not savvy enough to keep certain assets in certain dark places is hardly a new one apparently to all but the Fed. And that's just the tip of the full disclosure financial treadmill test.  Once again the public remains mesmerized by the media coverage.