I agree that this is the biggest problem facing the economy at the moment. But is there really a viable solution? Why would the banks want to throw money down that rathole? The have enough trouble as it is.
Treasury Bond futures are off five points from yesterday's highs. Such dramatic movement tells me that market participants are expecting some sort of deal to be agreed upon.
True enough, but if the banks want to continue to participate in a system that they pooped all over by securitizing and selling total garbage they need to step up. It's not all about multi-million dollar bonuses and stock options. They've got more responsiblity than the average widget maker.
You mean capitulation? It will be ok after the 4 major indices (ym,er2,es,nq) let it ___all out http://www.youtube.com/watch?v=zndPp-sVJwg&feature=related