“The data we have are accurate reflections of the financial conditions of those banks,” says Fed head Ben Bernanke regarding the stress test results… Hmmm…

Bank of America may need $34 billion in government handouts, according to a leak to the press ahead of the official stress test results tomorrow. That’s strange, because we seem to recall Ken Lewis announcing on April 20 that “we absolutely don’t think we need additional capital.”

There are a lot of unanswered questions for Tim Geithner and his pals in the banking industry. One Wall Street suit who’s dirtied his bib is Bank of America CEO Ken Lewis. Lewis should go to jail for securities fraud, according to Porter Stansberry of Stansberry and Associates Investment Research.