The FED and Treasury are aware that Bank of America and Citibank are insolvent and need to be NATIONALIZED. They are afraid to do so at this time because they know full well that it would cause a "run" on deposits at Wells Fargo and JP Morgan. Geithner's "poor" performance week before last was more a result of this "fear" than him being in, over his head. They are simply stalling for more time, before they figure a way for the toxic assets at each bank to be analyzed and valued. Remember, it's not like they are gonna use some sort of "blanket" and uniform valuation here . . . They have to apply a distinct and specific "valuation" to each and every financial institution.