When the music stops

Will all the banks be able to raise equity as easily as Goldman?? I don't think so....I think some of the lower level banks will have difficulty raising money, as investors may/should scrutinize bank books with more skepticism than the government stress tests. I think Fifth Third will be one of these banks left out in the cold.....I haven't done any heavy analysis of their books, I just think their run up of 700% in a few weeks was WAY over done. Also, they were a BIG Florida lender, with a lot of HELOC exposure. I am confident that most of their HELOC's are worthless. On a personal basis, they are one of the banks I was still receiving mail from advertising their HELOC's in early 2007 when it was clear the housing market had already went bust. I also know one specific case where they clearly lent money to a straw buyer, and will take a at least a 350K loss on a 500K loan on that 1 particular transaction. In other words, this bank is no Goldman.

I added to my FITB this morning. Watching 7 closely, and need a nice break below, to get to my target of mid 5's.