Monday, April 6, 2009

Who’s holding what?

Will Bank Losses Be Worse Than the Great Depression?

Is temporary nationalization the only solution? Does the Public-Private Investment Program really have any hope of succeeding? It's quite clear that the banks have been sinners for some time now, but I don't see how we can determine the optimal flavor of penance until we're doing more than guessing about what's lurking in those banking vaults.

Posted by devo @ 10:52 PM (636 views)
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