The Banks are Insolvent
May 18th, 2009 | By Contrarian Profits | Category: Notes From the Investment UndergroundBuy-out fund manager Mark Patterson won’t be high up on Tim Geithner’s Christmas card list this year. The chairman of MatlinPatterson Advisers says Geithner’s effort to stabilize the banking system through the TARP is a hopelessly ill-conceived policy that enriches speculators at public expense.