Thursday, February 12, 2009

Minyanville posting: Pandit's Amortization Trial Balloon - Can It Float US Out of Crisis?

"At yesterday’s congressional hearing, Citigroup’s (C) CEO Vikram Pandit floated what looked to me like a trial balloon that may turn out to be the path out of the credit-induced economic crisis and, in the process, put to bed the doomsayers' chatter about insolvent banks.

In reply to a question from Congressman Gutierrez from Illinois -- who started off referencing a meeting the congressman and Mr. Pandit had the day before -- Mr. Pandit, with an intriguing smile on his face, described..."

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