Will banks be forced to participate in Geithner's trillion-dollar plan?

[CoffeeCat]

So, will all banks---big and small-- have an equal opportunity to rid themselves of their toxic assets, through
Geithner's plan?

Also, in order for a bank to be "detoxed" won't that institution have to reveal how much of this stuff is on
their books? Won't this showcase which banks are insolvent?

If many of the bigger banks are exposed as insolvent--what effect would that have on the stock market or on the average
American who is worried about our entire economy collapsing. What if the rot is worse than suspected...could this further
erode consumer confidence (and spending?). If you turn over the Wells, BofA and City rocks--only to find a very ugly
display--what would that do to a bank's stock price?

Also, can a bank decide that they don't want to reveal how large their toxic asset problem is, and refuse to participate?

I ask that question, because the larger banks (Wells, City, Bank of America, etc) are suspected as having a lot of this
stuff on their books--to the point that they're insolvent. What if they refuse to "show us the money"?

Many of those big banks are the ones that make our financial system the most vulnerable--because they're said to be
"too big to fail." So, what if they don't want to play because are hesitant about revealing how awful their books look?

[Redbear]

1. I think it is entirely voluntary of the bank's part.

You raise good questions.

[FarCenter]

2. Haven't seen much comment on PPIP by Dimon, Lewis, Pandit and Stumpf

They have been curiously quiet. Why did the dog not bark?