Camden

Banking Uncertainty - It's Back

Schweizer is delusional.

Geithner's Plan Fits Perfectly with New Mark to Market

Re: "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."

That's like saying the millions of foreclosures aren't happening. Many of these RMBS truly are worthless. As a group they could not be worth 100 cents on the dollar to the banks holding them. To the investors getting non-recourse loans and 6-1 leverage through the PPIP program they could be worth substantially more than the previous distressed prices, but will still not bring the value up to 100%.