Daily Financial Moment Of Clarity

| October 28, 2008

Again from the wise mind of Anna Schwartz courtesy of the Wall Street Journal:

If they [“toxic” assets that nobody wants] are priced at current market levels, selling them would be a recipe for instant insolvency at many institutions. The fears that are locking up the credit markets would be realized, and a number of banks would probably fail.

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Category: Commentary, Economics, Main, Moment of Clarity

About the Author ()

Bruce Henderson is a former Marine who focuses custom data mining and visualization technologies on the economy and other disasters.

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