• Wall Street opened higher this morning after Wells Fargo predicted it would report a record $3 billion profit for the first quarter of 2009. [CNN, AP]
• You may soon be able to bail out America, too: The Obama administration is currently looking at ways to "give ordinary Americans a chance to profit from the bailouts that are being financed by their tax dollars." [NYT]
• Meredith Whitney has become as close to a household name as a banking industry analyst can get. But is she overhyped? [WSJ]

• Remember those "stress tests" that Washington said it would use to determine if the nation's biggest banks could survive a deeper than expected recession? All 19 banks undergoing the exams passed them. [NYT]
• Morgan Stanley will post a hefty loss related to bond market bets. [WSJ]
• Unsurprisingly, Bank of America is probably going to need more cash. [BN]
• ING plans to raise as much as $10.6 billion in the coming weeks by divesting itself of a number of assets. [DB]
• Warren Buffett's Berkshire Hathaway was downgraded by Moody's. [WSJ]
• Pro-Chrysler groups are launching a boycott of JPMorgan Chase. [DetNews]