rf_lab

Geithner's Plan Fits Perfectly with New Mark to Market

"I think these estimates are too conservative. With Geithner’s plan these assets will return to much higher levels...even approaching a full 100 cents on the dollar as housing stabilizes and investors return to the space."

Some of those assets were never worth 100%. Remember how part of the problem is repackaging and regrading of the substandard tranches to get a better rating? Pick up this month's Esquire. There's a good layman's article about how the math was abused in the regrading.

Trash cannot recover value it never had.