Stress Test capital money list

[cowboycarl04]

I'm starting a thread that will discuss the stress test, including what banks need what money and where they will get it.

So far:

1) Bank of America needs $34 billion in capital. They will somehow get this by selling $34 billion in preferred shared and buy $34 billion in common stock.

http://www.marketwatch.com/news/story/Bank-Americas-capital-needs-already/story.aspx?guid=%7B79FA759F%2DF5A3%2D4111%2D8CE8%2 D611E73B2529B%7D

Question: I'm very novice in stock markets and economics. Does a move like this make their common stock (what is normally reported) jump? Sounds like an even bigger risk with taxpayer bailout money, because preferred stocks guarantee some return.



2) Wells Fargo needs $15 billion in capital.

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BAF991C45%2DEE96%2D4828%2D8F86%2 DD545294C1CBB%7D


3) More banks will follow until Thursday, when the full report is released.

[fullsafe]

As with all the financial data coming from the banks , it's nothing but smoke and mirrors. I would have difficulty making any sound financial decision based on any of it. Mark to market changes just polished those mirrors and thickened the smoke.