buckle up, equity capital in large banks still "scary low" http://www.cnbc.com/id/15840232?video=1067550882&play=1
And as Hussman outlined, the toxic asset buyout plan will do NOTHING to improve the equity capital position of banks, it merely improves the QUALITY of the bank balance sheet, replacing junk valued at $X with $X amount in cash.
True. Maybe I'm wrong, yet I keep hearing folks saying everybody will overpay for the assets and I'm thinking 'a cheap put and financing will turn everyone into drunk gamblers?'