Now that PPIP is finally starting to take shape, Cheyenne Hopkins at American Banker wonders if...

|By:, SA News Editor

Now that PPIP is finally starting to take shape, Cheyenne Hopkins at American Banker wonders if there's any need for it. Most banks have already written down much of their toxic holdings, the FASB has kicked in with more flexible fair-value accounting rules, and the scheme's main problem - how to price the mongrels - remains unsolved.