D-leverage

Curing the Credit Crisis: A Better Alternative Plan

Concur with tvb's comments most.

This author mistakes "par value" with Bernake's reference to "hold-to-maturity pricing”, which will be much less than par value, but perhaps above the fire-sale price. Deposit protection is clearly not the core issue in this crisis, although the FDIC may have the answer to solving some issues. We don't have a depositor mess, we have a capital markets mess. The author provides more divisive ranting than real solutions in this article.