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.
The social origins of inventors
1 hour ago