The major banks should have been 'stress tested' within 2 weeks of that Geithner announcement. This is going to keep shredding the markets up.
William Black: "There Are No Real Stress Tests Going On" At least Plank #5 of the Communist Manifesto can be checked off : Centralisation of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.
As I posted on another thread, I find it hard to believe that the government would allow the "stress test" to conclude that C and BAC are insolvent. These two (and JPM and WFC) are likely to get unlimited bailouts, in terms of value and number of trips to the trough.