That is the prediction from Chris Whalen talking to The Street.com. So caution is advised. Whalen is a principal of this place and his newsletter has been full of bailout discussions. What interests me here are two things: 1) that resolving AIG and Lehman rids the system of CDS and 2) Lehman is the model for resolving the leftover assets. Meaning sell what you can for what you can and walk away. No more wishing for better values, no more waiting for taxpayers to overpay for assets:
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Geithner Gone by June?
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I would not be surprised. June is a while away though. More money down the toilet in the meantime?
Geithner better figure things out, fast. I don’t understand why he’s still resisting doing the right thing. Is he drinking the Wall St. kool-aid still?