THE BANKSTERS LOVE UNCERTAINTY...

(h/t Atrios)

when it works in their favor.  For years, they have refused to divulge their credit-default positions because that makes their balance sheets look a lot better. Now that the general public has become aware of these potential time-bombs, the banksters are STILL reluctant to fully disclosure their financial engineering:

Euro Risks Hit Banks
By LIZ MOYER, BRETT PHILBIN and DAVID ENRICH
NOVEMBER 14, 2011
WALL STREET JOURNAL

Michael Price, an investor whose fifth-largest holding as of June was Citigroup Inc., said the complexity and fluidity of the banks' positions made them hard for outsiders to analyze, despite the detailed disclosures. "The price of these stocks reflects this uncertainty," Mr. Price said.