Banks short on capital might need to detail fundraising plans:

04/23/2009 | Bloomberg

The Obama administration is considering publicly releasing the results of stress tests for the nation's 19 largest banks and then directing those deemed in need of capital to explain their plans for raising funds, a source said. Officials are trying to increase the transparency of the tests and to give the public a way to determine the banks' health. "Transparency is critical," said Bill Brown, a visiting professor at Duke University School of Law. "While banks have pushed to keep the kimono closed, the stress tests have forced it open."

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