According to Reuters, the government is going to reveal the bank stress test results soon.

“The Obama administration is drawing up plans to disclose the financial condition of the 19 biggest banks in the country, the New York Times said, citing senior administration officials.

While all of the banks are expected to pass the tests, some are expected to be graded more highly than others, according to the paper.

Officials have deliberately left murky just how much they intend to reveal – or will encourage the banks to reveal – about how well the banks would weather difficult economic conditions over the next two years, according to the paper.”

Even Rob Blackwell, writing in the American Banker, is skeptical about the stress tests. Read his honest answers to frequently asked questions.

Robert Barba and Marissa Fajt report in the American Banker:

“The Federal Deposit Insurance Corp. dusted off a tool it had not used in more than a quarter century to resolve New Frontier Bank in Greeley, Colo., which failed Friday.

After no buyer emerged for the $2 billion-asset New Frontier, the FDIC established a deposit insurance national bank — a last resort in which the Deposit Insurance Fund sidesteps a mass payout by giving the failed institution’s depositors 30 days to shop for a new bank.”

Maybe we should try something like that with Citi or B of A.