newspeak: “stress tests” and why I have a blog
The scene: A Friday lunch with cow orkers
Me: “So what’s all this about “stress tests”? Isn’t that “newspeak” for a financial audit by the government, except (hopefully) without all the negative connotations that auditing the books of a publicly held company normally evokes?”
Everyone else: <stunned silence>
<awkward pause>
Me: Hey, isn’t that your new GPS navigator?
Is anyone else worried that the newspeak of “stress tests” was adopted so widely with so little criticism? Does anyone else wonder why, if the government needs to audit a publicly held company to bring “transparency”, shouldn’t someone be going to jail for all those less than transparent quarterly reports?
Shouldn’t a publicly held company traded on the stock market that’s open to the public, publish data that allows anyone with a interest in the company review the reports to let them accurately assess the assets and value of the institution and then make a guess at the value of the company verses the price of the stock?
