Geithner On Banking–Nice Try

Saw this article Geithner Says Administration Will Ensure Bank Access to Funding and could not help but make a quick note.  Bulls???  Until the government knows how much money was lost, there is no way to ensure funding.   The premise underlying the actions to date is that the US government can borrow more than the bankers lost (or more than the bank asset holders are going to welsh on in the future).  I’m starting to have my doubts. Continue reading “Geithner On Banking–Nice Try”