Peter Vinella, head of the financial services sector of LECG, a capital markets and risk management consulting company. William Isaac, former chairman of the FDIC, oversaw takeover of Continental Illinois Bank, the biggest bank failure until 2008. Vinella: Markets have the old adage, “Sell on rumor, buy on the facts” Isaac: “Weaker banks will face increased pressure on funding and may be forced to sell assets or take on more taxpayer money, and the ensuing outcome may drag out the economic recovery for a much longer time””]
Source: https://www.cuinfosecurity.com/how-will-stress-test-results-play-a-1411