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To: Oldeconomybuyer
The government should move to declare banks insolvent and use power to take over the failing institution and continue operations under new management

Exactly! It's not like we don't know how to do this, we do. Geithner and Bernanke just won't do it.

Instead we have a bunch of zombie banks full of bad loans on a slow walk to nationalization. Until these bozos start cleaning up the bad loans and bad banks the uncertainty will continue to kill the markets and bank stocks in particular.

6 posted on 03/06/2009 10:37:30 AM PST by colorado tanker (Oh my God, am I hoping for change.)
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To: colorado tanker

I get the impression Geithner is more concerned with climate change than paying taxes or resolving the banking crisis...


7 posted on 03/06/2009 10:42:12 AM PST by EVO X
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