The editorial I read this week was about saving the banks and it was in the Washington Post. The author of the editorial describes the main financial burden today as "toxic" assets, meaning the certain assets that have contributed to the fall of the financial system. These assets include the $1 trillion dollars spent on illiquid securities. According to the author, Obama should either nationalize banks while trying to operate them with little cost to the customer, have the government use TARP money to capitalize bad banks, or have the government agree to pay for losses above a certain level in return for a fee from the banks. With the new stimulus just being released, it's interesting to see how these ideas will be either followed, changed, or ignored.
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