There’s Virtue In Geithner’s Vague Bank Plan – At least he doesn’t want to guarantee more bad debt.

Here’s another sensible argument on how to clean up the banking mess. Here’s the gist of the article: Treasury Secretary Tim Geithner’s plan may not be so bad (in the long-run) because it “stops the madness” of free handouts. i.e. Banks will have to prove themselves via a “stress test” on their solvency to access [...]

Continue reading about There’s Virtue In Geithner’s Vague Bank Plan – At least he doesn’t want to guarantee more bad debt.