jsc173

Banks: Just a Shadow of Their Former Selves

If the system was forced to go cold turkey, wouldn't that help define a bottom? It's been like throwing a drowning man a life preserver that's water soluble -- you gotta keep tossing more, hoping that he makes it to shallow water before you run out of life preservers.

If there was a permanent fix forced on them from the beginning (break up into managable businesses, bring all off balance sheet assets on, mark everything to market, etc., etc., maybe they wouldn't still be drowning?

Of course, the best solution of all would have been to let the market exact its punishment. Would a short death have been any worse than the slow death we're now experiencing?