Wednesday, March 25, 2009

Doom = Good

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.

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