Nouriel Roubini is apparently a fan of the Geithner plan, however the FT thinks it may take banks under.
I like the FT piece because it takes the heat off of MTM as the cause, it's essentially saying that if Geithner's plan yields a market price that banks can't sustain then it proves the value and necessity of having MTM in the first place. Welcome to zombie banks if that's the case.
No comments:
Post a Comment