WITHOUT SECRUITIZATION...THERE WILL BE NO LENDING...
YES THE BANKS ARE LIQUID THANKS TO GEITHNER...
BUT NO... THEY WON'T LEND...BECAUSE SECURITIZATION IS NOT COMING BACK ANY TIME SOON...
SO THE BANKS ARE SOLVENT...
BUT SORRY...YOU GOTTA PAY CASH IF YOU WANT TO BUY SOMETHING...
AND PERHAPS...THIS IS A "GOOD THING" ...JUST NOT FOR WALL STREET, OR THE CONSUMER ECONOMY IN THE US...
