With more bad news on the horizon for financial institutions -- $871 billion worth of bonds set to mature through 2009 --Toddo notes Bennet Sedacca classifies banks with two simple designations:

Good banks, such as Bank of America (BAC), JPMorgan (JPM) and Barclays (BCS).

Then there are bad banks, like Wachovia (WB), Washington Mutual (WM) and Zions Bancorp (ZION).