Professor Elam

Stress tests on the banks will be revealed thursday afternoon after the stock market closes. 

On the one hand the govt says none of the 19 big banks will be allowed to fail, so what's the point?

As George Will points out this is a violation of the 1866 law against publishing bank audit results, the reason is that it raises fear of bank failures and might start a run on the bank. 

Meanwhile the WSJ reports Bank of America migt need to raise $34 B, hmm. Friday morning should be interesting in the markets.