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Originally Posted by wiphan
There is one easy way to fix the banking problem. Fix the Mark to Market accounting regulations and almost 90% of the problems would be gone
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While I agree with mark to market it is a little late for that to be a solution. Let them fail and sell off the assets to the surviving banks at whatever they bring. Let the govt eat the bad assets no one will touch. Obviously this is a simplistic approach and there are a whole lot more factors but throwing money at them and AIG and GM is almost guaranteed to fail.