“Experts” confirm what most of us feel in our gut:
Some of the large banks in the United States, according to economists and other finance experts, are like dead men walking.
A sober assessment of the growing mountain of losses from bad bets, measured in today’s marketplace, would overwhelm the value of the banks’ assets, they say. The banks, in their view, are insolvent.
So what’s the solution?
The answer, say the economists and experts, is a larger, more direct government role than in the Treasury Department’s plan outlined this week.
Of course. More of our money.