Top Gun

Geithner's Superfund Is the Real Deal

Seems to me we are headed for a bit of resolution, someone needs to value and take these high risk assets. Even putting $500B into strong hands will reduce the overall risk in the sellers portfolio by quite a bit.

I think we are in a bond market for the next ten years, forget stocks. This is new in my adult lifetime. We created so much credit (we, ha!) that all available capital must be deployed against this mess. It's now clear to me that you can add to your list that bankers tried to get the public to absorb all of their mistakes - mistakes they had already made commissions on. Can anyone say $4B in bonuses Merrill Lynch for selling debt we are now asked to take - fungible money, remember?