The Banks, Again

I just finished reading Geithner's plan and the new mark to market modifications being proposed by FASB. Some thoughts on the new rules in light of the Geithner plan.

The larger issue is where do the new rules fit with the Geithner plan and the stress tests. Before I read these documents, I assumed Treasury would queer the stress tests and make the banks look better than they are. Now I am not so sure -- the one thing all three initiatives have in common is a push towards transparency and although I don't believe on conspiracies I also do not believe in coincidences outside of a Dickens novel. continued

by Michael Shulman | 03/24/09 | Stocks: BAC, C,

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The Banks, Again

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Can Citigroup Be Saved?

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