Why Not Liquidate BAC and C

Quote from Landis82:

I think that you severely underestimate how complicated it is to price these assets, and this is why Paulson decided to "punt" when it came to the "reverse-auction" that he originally proposed.

I'm sure that Geithner understands this dilemma as well as anyone and is desperately trying to address it.

But like a 2-year old wanting his chocolate candy from his Mommy, the market WANTS IT NOW.
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I appreciate how difficult it is, but I question whether the folk who implemented Mark to Market appreciated "unintended consequences".

I might cut Geithner some slack, but I fear he is a deer in the headlights.

At this point, it is not whether he can formulate a perfect plan.

They need to get some motion.

There are piles and piles of private capital accumulating by the day with no where to go other than treasuries and maybe gold.

The Gubmint needs to break the ice jam and put some prices out there while this nation still remembers that capitalism is based on using money as tool to make more money.
 
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