The FINANCIAL BEAR 3X (Public, NYSE:FAZ) is up 12% or 5 points to $44.32 this morning on news that the 'bad bank' plan isn't the best idea after all.
The idea of creating a "bad bank" is unlikely to address the root problem of contracting system capital as simply removing "toxic" assets from bank balance sheets would not cause banks to increase lending, veteran banking analyst Meredith Whitney said.
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