Alstrynomics comes to the rescue
If Alstrynomics were going to take on this issue of protecting the banking system....it would primarily insure most of the bank debt out there....it might take on only the most toxic of the debt and create a relatively small "bad bank."
Once you insure the debt, you should apply market to market accounting to bring back credibility to the banking system as there is zero credibility right now.
Once you have the banks stablized and credibility restored to the system...we can safely go into the mother of all depressions to purge the excesses and get this mess behind us sooner than later.
At the bottom, expect PositiveAlstry to raise his pretty head and start cheering when most of you will be crying.
See, it ain't that hard if you understand Alstrynomics....let's see if Mr. Geithner is an Alstrynomics practioner.
See ya all Monday.....we are approaching Happy Hour!!!!!!!!!!!!!!!!!!!!!