Wells Fargo CEO to government: Tests are "asinine"

Sounds like Dick Kovacevich had a Howard Beale moment and this observer is thankful that he finally took the gloves off and expressed his anger and frustration with Little Timmy Geitner. Of course it is ridiculous to have 12 week stress tests which allow the shorts to spread their insidious rumors in an effort to tank the share price.Dick seems apoplectic at being forced to cut the dividend which is a large component of the total return for long term shareholders that management strives to provide. At least there is one bank Chairman with a pair.

WENT TO MY DOCTOR LAST WEEK. HE TOLD ME MY BLOOD PRESURE WAS 110/67 PULSE 60 BPM. MY CHOLESTEROL WAS 165 (OVER 200 IS BAD). MY LIVER AND BLOOD TESTS WERE ALL NORMAL. GOOD NEWS?
WELL HE SAID HE WAS GOING TO GIVE ME A STRESS TEST UNDER LIKELY OR UNLIKELY CONDITIONS. I ASKED WHAT WAS THAT?
ANSWER HE WAS GOING TO FEED THE COMPUTER DATA ON ME UNDER DIFFERENT CONDITIONS AND THEN TELL ME IF I WAS HEALTHY.
CONDITIONS, I WAS OVER WEIGHT BY 150LBS.I SMOKED, I DRANK, I ATE FATTY MEATS, YOU GET THE IDEA.
WELL UNDER THESE CONDITIONS I WAS JUDGED NOT HEALTHY. IN THE FUTURE?
I ASKED WERE ALL THE PEOPLE WHO SMOKED, DRANK AND ATE FAT UNHEALTHY? ANSWER NO.BUT THE TEST AssUMES I WILL BE.
SO FUTURE TESTS OF THE ECONOMY ARE DREAMS OR A NIGHT-MARE.
WHAT THE HECK IS THE TREASURY DOING TESTING BANKS ON A NIGHT-MARE.
DON'T THEY KNOW ALL BANKS WON'T TEST THE SAME OR IN ACTUALITY ACT THE SAME. GEITNER SHOULD WAKE UP AN JUST LET THE REAL DREAM PLAY OUT.
STOP SAYING THE GOVERNMENT IS BAILING OUT THE BANKS AND DESCRIBE IT AS IT IS. THE GOVERNMENT IS LOANING THE BANKS MONEY.
WHEN AND IF THE BANK OR BANKS DON'T PAY THE INTEREST THEY CAN ACT ACCORDINGLY.
WHAT YOU THINK?
OH!!!! IF YOU CAN SEND THIS TO TREASURY AND THE PRESIDENT.
THANKS FOR LISTENING. BOBBY G.