While people more and more end up in misery, the new administration constantly praises the near end of the crisis.
Irrespective of what Geithner tries to make us believe most banks are not "well capitalized" but virtually insolvent. It is simply not true. Every expert constantly expresses this view.
Unfortunately, if you try to solve a problem, you first have to understand that there is problem. We will have soon a whole different discussion about Geithner himself.
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