Originally Posted by joshgirls

uuuuuuhhhhhh, remember IndyMac? NY Senator Charles Schumer set off a bank run by publicly stating the bank was being monitered by the FDIC for possible takeover. He received a boatload of shit for disclosing this because when the government announces who is failing, that sets off a panic on that firm. So the Fed's secrecy is intended to prevent other banks from failing based on speculations on a banks condition. smartfest...