No Reason to Buy the Broken Banks By Jim Cramer About this article: We're getting some pretty hilarious moves in a lot of the small-dollar banks like Fifth Third and Huntington Bancshares and Regions Financial, not to mention Comerica and Zions. I say hilarious because they are totally based on nothing. We have no idea what the stress test will mean to these and no idea what will happen to their common stocks. We entirely lack any "forbearance" approach, from what I can tell, and we are just continuing with TARP, where the government gives the banks a really expensive preferred that is onerous, and the banks get what they need, and when they stumble, the government takes common. Well, just great. This plan continues the absurd radical sale and dumping of assets and provides nothing new except some sort of bizarre six-month period for banks to raise capital from the private sector. (The only real hope for these stocks... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.