Some information that Geithner conveniently fails to disclose: Toxic Asset Plan Foresees Big [US taxpayer] Subsidies for Investors http://www.nytimes.com/2009/03/21/business/21bank.html?_r=1&hp Geithner's Plan, a Gigantic Confidence Game http://globaleconomicanalysis.blogspot.com/2009/03/geithners-plan-gigantic-confidence-game.html
With the government backstopping losses, I am confident that this will result in a completely undistorted market for these assets. I'm sure they'd get bid up to the same levels without the govt' downside guarantee. Whatever... I can't believe that they can actually say this sort of drivel out loud with a straight face. Maybe it'll be a great opportunity for banks to mark their assets up, since there's now a "liquid market."