Look at the above chart showing reserves.
Does anybody really think the banks really trust their own balance sheets?
Does anybody really think the banks really trust their own earnings?
So now we hear that Citi and BAC need some billions, after a "leak" of the stress test.
Ken Lewis hasn't been playing ball lately; he's been talking too much about Paulson and Bernanke twisting his arm to buy Merrill Lynch.
So now we get this leak.
And now, the Fed's can pretend that this "stress" test is real.
It's as real as Larry David's nurse!