Today's Outrage: Feds' Secret List Pokes Bears

Treasury Department is doing no favors by keeping its list of banks winning the government lottery a big secret.
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The Treasury Department is afraid of "creating winners and losers in the market" by publishing its list of banks receiving taxpayer-financed cash infusions.

Sorry, but it's a little too late for that. The market is awash with losers, so why not let investors know who the winners of the government lottery will be?

Let's just expedite the pain and get it all over with rather than feeding the bears by letting this drag on.

Technically, the Treasury is required to announce a deal within 48 hours. But the Feds are leaving that up to the banks themselves, and questions remain about when the clock will start ticking. Is it when the bank gets the nod from Treasury Secretary Henry Paulson or when the money is delivered weeks later?

Fortunately, many banks are already rushing out press releases to let the world know they've got new money coming in.

We've already heard from

KeyCorp

(KEY) - Get Report

,

Huntington Bancshares

(HBAN) - Get Report

,

Fifth Third Bancorp

(FITB) - Get Report

,

SunTrust Bank

(STI) - Get Report

,

Comerica

(CMA) - Get Report

Northern Trust

(NTRS) - Get Report

and

Capital One Financial

(COF) - Get Report

.

TheStreet.com's full list is here:

Banks Announce Government Investments

.

All of those are gaining in the stock market today.So we've got our winners. Now let the betting begin on the losers.