I'm glad Geithner finally figured that out, although whether he's gotten around to figuring out that there probably isn't any sane way to bail the banksters out is another question.
There was a time when maybe it was reasonable to think that there were at least some liquidity issues with big shitpile, that the assets were actually worth more than the "market" would recognize. But now it's pretty obvious that the financial institutions aren't willing to sell them at market prices because doing so would force them to acknowledge that they're insolvent.
