28
Apr

Harold C. Turner, an incendiary blogger and Internet radio host, would seem an unlikely market mover.

But Mr. Turner, known as Hal, who has been labeled a white supremacist by some monitoring groups, once ran for Congress in New Jersey as a Republican and in 2005 supported an Aryan leader suspected of plotting the assassination of a federal judge in Chicago, apparently played a role in driving down bank stocks on Monday.

Mr. Turner, writing on his Web site, the Turner Radio Network, claimed to have been leaked the results of stress tests the Treasury Department has been conducting on the nation’s banks.

The results, which the federal government has promised to release on May 4, were troubling, according to Mr. Turner, who wrote Sunday night that “they are very bad.” Of the nation’s 19 top banks, 16, according to Mr. Turner, are “technically insolvent.”

Source/Full Story:: NYTimes.com

Category : Hal Turner